Elon Musk says Tesla’s Cybertruck will be ‘amazing’

Elon Musk says Tesla’s Cybertruck will be ‘amazing’

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hype around Tesla, Inc.‘S TSLA has gained momentum as the vehicle’s potential launch fast approaches.

What happened: After Tesla’s Tweet from the Cybertruck “crash test”. on Saturday, CEO of the company Elon Musk tweeted that he walked the Cybertruck production line at Giga Texas for several hours.

“It’s going to be great,” he said of the vehicle, adding that it “feels like the future.”

The billionaire entrepreneur also separately tweeted the crash test video, urging followers to “wait for it.”

Why it matters: Cybertruck will be Tesla’s next big vehicle after the S, X, 3, Y and Semi models. It is expected to have a commercial release later this year. Since its announcement in November 2019, the Cybertruck has generated a lot of excitement and Tesla fans are excited.

The Cybertruck, on the other hand, might be late for the party Rivian Automotive, Inc RIVN R1T electric pickup and Ford Motor Co f The pickup F-150 Lightning is already on the market. Still, Tesla supporters see the truck as a market disruptor and the launch as Tesla’s “iPhone” moment.

Tesla shares closed Friday’s session up 6.24% at $207.46 Benzinga Pro data.

Learn more about Benzinga’s coverage of the future of mobility from follow this link.

Continue reading: Tesla Back Above $200 Ahead of Q1 Deliveries, Clearly Hit by Recall Issues, Faraday Future Finally Launched, and More: This Week’s Biggest EV Stories

Photo: NASA Kennedy via flickr

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