Elon Musk talks up Tesla's 'Cyberpunk truck,' and 400-mile range EVs

Marco Green
June 12, 2019

Among the anecdotes revealed during Musk's speech or in response to questions from investors, we heard that Tesla plans for the Model Y crossover to be "vegan" and free of animal products like leather, even though making a heated steering wheel without it has been tough. Revenues fell to $3.7 billion, from $6.3 billion in the previous quarter, the fourth quarter of 2018. Rivals are stepping up efforts and Tesla continues to invest heavily in expansion.

Musk's positive comments on Tuesday echoed his forecast last month that the company was on track to hit record deliveries in the second quarter.

Tesla has said it expects to deliver 90,000 to 100,000 cars in the second quarter, after doing just 63,000 in the first.

But ramping production strains finances, and Tesla is increasing output at its US factory, launching production in China, overhauling its USA retail and service operations and developing new models.

The company, with only four profitable quarters in its 16-year history, posted a net loss of $702 million in the first quarter. While the Model Y is still on track to launch in 2020, the company hopes to unveil its pickup truck toward the end of this summer.

Musk said it "won't be long" until Tesla releases a vehicle with 400 miles of battery range. "Sales have far exceeded production and production has been pretty good".

Other reports by Click Lancashire

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