Tesla's Elon Musk teases pickup truck features

By TeslaFOXBusiness

Elon Musk teases details about pickup truck

FBN’s Nicole Petallides on Tesla CEO Elon Musk's tweet about the company's future pickup truck.

Tesla shares rallied Tuesday as CEO Elon Musk teased some of the features of the electric car maker’s future pickup truck.

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In a series of posts on Twitter, Musk asked followers to suggest ideas for Tesla’s truck, which he said will offer all-wheel drive and “crazy torque” through the use of dual electric motors.

The truck will also come with automatic park assist, 360-degree cameras, sonar and a suspension that adjusts for the load in the pickup’s bed. Musk noted that all-wheel drive and the dynamic suspension will come standard. With 240-volt power outlets, truck owners can use heavy-duty power tools in the field all day, “no generator needed,” Musk said.

Shares rose 2.7% to $342 in Tuesday trading. The stock is up nearly 10% since the start of 2018.

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Tesla has yet to provide a launch date for its pickup truck. Musk has said he expects the truck to go on sale after the Model Y crossover, which is due to begin production in 2020.

The Palo Alto, California-based automaker continues to ramp up production of the Model 3 after delays. Tesla also plans to launch the Semi, an electric big rig, and a $200,000 Roadster sports car.

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