Home Uncategorized Tesla shares sink after pickup truck unveiled – NHK WORLD

Tesla shares sink after pickup truck unveiled – NHK WORLD

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Tesla shares sink after pickup truck unveiled – NHK WORLD


Shares of Tesla sank as Wall Street questioned the design and quality of the firm’s latest electric vehicle — the Cybertruck.

The US company unveiled the radically designed pickup truck at an event in Los Angeles on Thursday.

It plans to start production in 2021, and sell the vehicle in the US, Europe, Japan and other countries.

Tesla CEO Elon Musk said the truck’s body is virtually bulletproof.

The firm’s head of development was also present. He threw iron balls at the windows to demonstrate their durability, but the glass broke on both occasions.

Musk said, “It didn’t go through, so that’s a plus side. Room for improvement.”

Tesla’s stock price fell more than 6 percent on the New York Stock Exchange the following day.

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