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Musk’s Cybertruck is almost here. Really.

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Tesla’s highly anticipated Cybertruck is expected to finally make its debut on the market this spring.

But Elon Musk faces the challenge of convincing Wall Street that this futuristic pickup is more than just a gimmick.

Musk recently posted a series of Cybertruck glamor shots on his social media account, hinting that a formal announcement may be imminent. Despite the hype, key details about the Cybertruck, such as its price and final specifications, remain unknown. Concerns among Tesla investors have also risen due to the complex design of the vehicle, which could impact profit margins. This concern was exacerbated by the resignation of Tesla’s CFO, Zachary Kirkhorn, earlier in the month.

Niche vehicle

Needham analyst Chris Pierce suggested that the Cybertruck might ultimately become a niche vehicle, saying, “I don’t see it as a material driver of the stock price.” He also mentioned the minimal chance that it can outweigh investor margin concerns regarding Tesla’s existing vehicles.

Wedbush analyst Dan Ives, a noted Tesla supporter, sees the Cybertruck as somewhere between niche and mainstream within Tesla’s vehicle lineup. However, Ives believes it will be crucial for Tesla’s long-term prospects and to convince Wall Street that its ambitious endeavors are worthwhile.

The Cybertruck was first unveiled in a now-infamous event in 2019 when Musk accidentally shattered a “bulletproof” window. Its release has been delayed multiple times, but the first model recently rolled off the assembly line at Tesla’s Texas Gigafactory.

Unique design

The Cybertruck’s unique design, featuring a stainless-steel exoskeleton, has been compared to various objects, including a refrigerator on wheels, a doorstop, a Lego block, and a cartoon character from “Spongebob Squarepants.”

Even Tesla enthusiasts are growing restless due to the lack of clear information. One Tesla owner recently called on Musk to provide detailed specifications, pricing, and a new estimated delivery date for the Cybertruck. Musk responded by stating that it’s an extremely challenging product to build and that it’s unlike anything else.

Musk also warned about the complexity of the Cybertruck’s manufacturing process, emphasizing the need for precision in designing and building its parts.

The Cybertruck’s stainless-steel exoskeleton presents both a major talking point and a manufacturing challenge. Stainless steel is costly, difficult to shape, and requires specialized welding techniques. Meeting safety regulations in certain regions may also be a challenge.

Tesla has accumulated nearly two million Cybertruck reservations, but these preorders are unlikely to directly translate into sales since customers are only required to submit a $100 deposit.

Wedbush’s Ives anticipates mass production to begin around Halloween, with customer deliveries starting after Thanksgiving. Tesla’s projections indicate shipping approximately 50,000 Cybertrucks in 2023, with production ramping up to 200,000 to 300,000 units by 2024.

As for pricing, Musk initially suggested a starting price of less than $40,000 in 2019, but it’s now expected to begin at around $50,000. The dual-motor version is projected to cost $60,000, while the tri-motor version is expected to be priced at $70,000.

The entry-level price puts the Cybertruck on par with Ford’s F-150 Lightning electric truck, a decision that some find surprising given Musk’s bold claims about the vehicle.

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Prince Harry, Meghan face backlash over Trump comments

Prince Harry and Meghan Markle face backlash for insulting remarks about Donald Trump.

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Prince Harry and Meghan Markle face backlash for insulting remarks about Donald Trump.

In Short

Prince Harry and Meghan Markle faced backlash for political comments about Donald Trump during a podcast, raising concerns about their ties to the British royal family. This incident reflects the ongoing debate over the role of public figures in political discourse and its potential impact on their credibility and public perception.

Prince Harry and Meghan Markle face backlash following comments aimed at former President Donald Trump.

Their remarks came during a recent podcast appearance, where they discussed political issues.

Some critics believe their comments were inappropriate for public figures, particularly given their ties to the British royal family.

The couple has previously expressed their political views, but this latest incident has stirred significant controversy.

Many royal commentators argue that such statements could jeopardise their credibility and relationship with the monarchy.

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Zelensky advocates for unified European military force

Zelensky calls for a united European army to effectively confront Russia’s aggression.

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Zelensky calls for a united European army to effectively confront Russia’s aggression.

In Short

Ukrainian President Zelensky has urged the formation of a unified European army to strengthen defence against Russia. He highlighted the importance of collaboration among European nations for enhanced security amid escalating tensions.

Ukrainian President Volodymyr Zelensky has called for the creation of a unified European army.

He stated that a collective military force is essential to effectively confront the ongoing threat posed by Russia.

Zelensky emphasised the necessity for Europe to enhance its defence capabilities.

He made these comments during discussions at a the Munich Security Conference

The current geopolitical climate has highlighted vulnerabilities within European countries that need to be addressed.

Zelensky pointed out that a co-ordinated military approach would strengthen the overall security of the region.

He believes a unified force would deter potential aggression and foster greater stability.

The President also noted that individual nations must collaborate more closely in their defence strategies.

Zelensky reiterated the importance of solidarity among European nations in securing peace.

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Vance’s Europe comments overshadow Ukraine discussions at conference

Vance’s criticism of Europe on speech and immigration overshadows Ukraine discussions at Munich Security Conference, prompting rebukes from leaders.

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Vance’s criticism of Europe on speech and immigration overshadows Ukraine discussions at Munich Security Conference, prompting rebukes from leaders.

In Short

U.S. Vice President JD Vance faced backlash from European leaders for accusing them of free speech censorship and mishandling immigration during the Munich Security Conference, overshadowing the main agenda on Ukraine. His comments received little support, and his ties with the far-right AfD party raised further controversy.

U.S. Vice President JD Vance’s comments at the Munich Security Conference on February 14 drew sharp criticism from European leaders.

Vance accused European leaders of censoring free speech and mishandling immigration, overshadowing discussions on Ukraine.

While discussions of peace talks were anticipated following a call between U.S. President Donald Trump and Russian President Vladimir Putin, Vance primarily focused on his concerns about Europe’s values, barely mentioning Ukraine or Russia.

German Defence Minister Boris Pistorius described Vance’s remarks as “unacceptable”, highlighting differences in the viewpoints of the U.S. and European leaders.

During his speech, Vance’s comments received little applause, indicating the audience’s unease. He later met with Alice Weidel, leader of the far-right Alternative for Germany (AfD), sparking controversy ahead of German elections.

Concerns remained over Trump’s approach to Putin, as European leaders sought to keep influential in peace negotiations regarding Ukraine.

Ukrainian President Volodymyr Zelenskiy reiterated the need for “real security guarantees” for Ukraine.

Vance emphasised Trump’s call for Europe to bolster its own defence, which was met with support from NATO Secretary General Mark Rutte.

The discussion included the possibility of gradual changes to U.S. support for European defence efforts.

Vance’s suggestion that the AfD could be a political partner further complicated the dialogue, given the party’s extremist monitoring status in Germany.

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