Logo
Thursday, 25 April 2024
Friday, 22 Nov 2019 09:07 pm

Shattered glass: Futuristic design questioned after Tesla Cybertruck launch

The launch of Futuristic Cybertruck by Tesla suffered a setback when glass windows broke and took the shares down by 6% on Friday.

newsImage
 

Tesla Inc’s launch of its futuristic Cybertruck pickup suffered a setback when its “armoured glass” windows shattered but it was the overall look of the car that worried Wall Street on Friday, sending the company’s shares down 6% on Friday.

In the much-anticipated unveiling to cheering fans late on Thursday, Tesla boss Elon Musk had taken aim at the design, power and durability of mainstream trucks, only to be shaken when his boast about his new vehicle’s windows backfired. “Oh my fucking God, well, maybe that was a little too hard,” Musk said, when his head of design, Franz von Holzhausen, cracked the driver’s side window with a metal ball in a series of pre-planned tests for the crowd.

He allowed von Holzhausen another throw to the rear passenger window, only to see that crack as well. “It didn’t go through, so that’s a plus side,” Musk said, adding: “Room for improvement”.

Musk singled out the Ford F-150, the top-selling vehicle in the United States, to highlight the capabilities of the Cybertruck, showing an edited video of the two trucks in a back-to-back “tug-of-war” in which the Tesla truck wins.

Some Wall Street analysts praised the launch on Friday but others doubted the futuristic design’s mass appeal and shares in the electric car-maker were last down 5.7% at $334.68. Ford shares rose around 1%.

“Musk has been enthusiastic about his Blade Runner inspired design for months, but we were still surprised how futuristic he went with this one and believe it may shatter his dreams,” Cowen analysts wrote in a note.

Read More


Meeta Ramnani

Meeta develops credible content about various markets based on deep research, opinions from experts and inputs from industry leaders. As the managing editor at Smart Market News, she assures that every piece of news and article adds to the knowledge of decision makers. An avid bike rider, Meeta, is a postgraduate from Indian Institute of Journalism and New Media (IIJNM) Bangalore, where her specialization was Business Journalism. She carries experience from mainstream print media including The Times Group and Sakal Media Group.


Smarter Decisions with Smart News

Smart Market News is committed to getting its readers the latest updates and insights on industries that help in making “smarter” business decisions. With insights and inputs from corporate decision makers, we bring you the stories of adopting innovative solutions and strategies that have been changing the world. Our editorial insights on products, solutions, companies, and adoption of best practices not only help in understanding the markets better, but also prove to be a complete package for your information needs.

Subscribe to our newsletter
Get the latest in your inbox weekly Sign up for the fully charged newsletter
© The News and Media Division of The Insight Partners 2024 | All Rights Reserved | Privacy Policy