Electric car makers like Tesla have all of the batteries, engines and electronics in a skateboard. They place the seats and cover on top. The Cybertruck will have up to 700-800 horsepower in its top model. The Cybertruck skateboard is a foot longer than a Ford F-150. Tesla can use the Cybertruck skateboard to make an electric version to match any existing SUV and large truck in the market. They can put three rows of seats and have storage space.
Winning in Price and Performance Competition
The Tesla Cybertruck will start at $39,000 which is 15% higher than the average of $34,000 for american new car (including SUV and Truck) sales. However, cost of ownership for electric cars is about 20% less than comparable combustion engine cars. They are cheaper to operate because they do not need gasoline and have far lower maintenance costs. Tesla cars also have retained about 10% more resale value than other cars.
Experian has an analysis of the US car market.
In three years, Tesla will have models competing in all premium and luxury categories and will be competitive in the mid-range when cost of ownership and resale value are factored.
Tesla is on track to continue to improve battery cost and performance by about 10% per year through 2030. Tesla is continuing to improve production efficiency and economies of scale.
Tesla continues to lead in assisted driving and will likely be a winner with self-driving.
Brian Wang is a prolific business-oriented writer of emerging and disruptive technologies. He is known for insightful articles that combine business and technical analysis that catches the attention of the general public and is also useful for those in the industries. He is the sole author and writer of
nextbigfuture.com, the top online science blog. He is also involved in angel investing and raising funds for breakthrough technology startup companies.
He gave the recent keynote presentation at Monte Jade event with a talk entitled the Future for You. He gave an annual update on molecular nanotechnology at Singularity University on nanotechnology, gave a TEDX talk on energy, and advises USC ASTE 527 (advanced space projects program). He has been interviewed for radio, professional organizations. podcasts and corporate events. He was recently interviewed by the radio program Steel on Steel on satellites and high altitude balloons that will track all movement in many parts of the USA.
He fundraises for various high impact technology companies and has worked in computer technology, insurance, healthcare and with corporate finance.
He has substantial familiarity with a broad range of breakthrough technologies like age reversal and antiaging, quantum computers, artificial intelligence, ocean tech, agtech, nuclear fission, advanced nuclear fission, space propulsion, satellites, imaging, molecular nanotechnology, biotechnology, medicine, blockchain, crypto and many other areas.
