Tesla Cuts 10% of workforce and the Cybertruck and MOTOR Token Giveaway

The Tesla Cybertruck is Elon Musk's answer to the midsize pickup truck market. The Cybertruck is not as prevalent as the Ford Lightning, and is largely a prototype vehicle that has a cult following among motorists.

The Cybertruck is made in the Austin, Texas Gigafactory and is a novel steel paneled vehicle with a range of 250-350 miles on a full charge. I have seen one Cybertruck operating between Arizona and San Diego, and it looks very cool.

Electric vehicles have been struggling to take market share from ICE vehicles, and a cyclical downturn in automobile demand hasn't helped Tesla.

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Sources:

1. https://electrek.co/2024/04/15/tesla-lays-off-more-than-10-of-its-global-workforce/

2. https://en.m.wikipedia.org/wiki/Tesla_Cybertruck