Tesla Cybertruck gets stern take from Jim Cramer: “the Ugliest truck”

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The Tesla Cybertruck may be one of the most highly-anticipated vehicles this year, but it doesn’t mean to say that the all-electric pickup truck’s polarizing design is now universally acclaimed. Wall Street veteran Jim Cramer, for example, has noted that the Cybertruck would likely end up simply being a “toy” for Elon Musk’s ardent fans. 

The Cybertruck’s upcoming production was highlighted strongly by Tesla in its Q1 2023 Update Letter, with the company posting several images of the vehicle’s production line in Giga Texas. Elon Musk also confirmed during the first quarter earnings call that the Cybertruck will have a dedicated delivery event in Q3. Overall, the Cybertruck is definitely coming, and it’s coming soon.

But as per Mad Money host Jim Cramer during an episode of CNBC’s Squawk on the Street, he doesn’t really expect many car buyers to get much value from the Cybertruck. “I’m calling it a toy for Elon Musk fanboys,” Cramer noted, stating that the vehicle will probably be like a Lamborghini, costing too much and having a battery that’s too large. 

Cramer was also pretty open about his criticism of the Cybertruck’s design, noting that it was “hideous” and the “ugliest truck I’ve ever seen.” “This thing is ugly. I’m sorry, and I love Tesla, by the way,” Cramer said. The Mad Money host’s statement is quite accurate, as Cramer has adopted a pretty positive outlook on Tesla in recent years. During the company’s early days, the Wall Street veteran was among Tesla’s skeptics. 

Quite interestingly, Cramer noted that the Cybertruck will probably not be as appealing to the average truck buyer since people that buy pickups would like to use their vehicles as working units. The Wall Street veteran noted that pickup truck buyers want something that can carry the occasional tree branches and the like. Cybertruck consumers would probably not want to do that. 

Despite Cramer’s reservations about the Cybertruck, however, Tesla has been pretty clear about the idea of the all-electric pickup truck being a vehicle that can be used for legitimate, actual hard work. This is one of the reasons why the vehicle is made with steel and designed with an exoskeleton in mind, as such innovations make the Cybertruck robust and durable. 

Don’t hesitate to contact us with news tips. Just send a message to simon@teslarati.com to give us a heads up.

Tesla Cybertruck gets stern take from Jim Cramer: “the Ugliest truck”

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Tesla offers Model S and Model X customers amazing new incentive

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Tesla is now offering free charging to Model S and Model X buyers, following the introduction of another incentive for current Tesla owners.

Tesla’s recent shift in pricing strategy has been quite chaotic. Since the start of this year, the automaker has introduced six separate price cuts and, most recently, a price increase on the Model S and Model X. However, for new Model S and X customers, the company has introduced a new incentive, which more than makes up for the recent price increase.

The new incentive, free supercharging for three years, was first discovered at the end of the week as an incentive for owners to upgrade from older vehicles with unlimited free supercharging. But now, as reported by the Kilowatts on Twitter, that incentive is also being extended to new Model S and Model X customers as well.

As a growing number of people have gotten to enjoy the benefits of free supercharging, showing them how much money they can save over an entire year, this incentive has proved incredibly powerful. And even for those who have never owned an electric car, the prospect of not paying for “fuel” costs for three years is a fantastic opportunity.

However, it should be noted that this benefit is being introduced precisely because of how good free supercharging is. Some of the earliest Teslas ever sold were given access to unlimited free Supercharging, and ever since, the automaker has been working on getting customers to give it up. Though it remains unclear how successful it has been.

Tesla is far from the only automaker looking to incentivize customers with charging deals like this. However, it is certainly the only one with access to its own charging grid, the Supercharging Network.

Currently, Ford, Hyundai, Kia, and even General Motors are offering customers free or reduced rate charging with notable partners, including Chargepoint, Electrify America, and many more. However, none have yet to introduce an incentive as aggressive as three years of free charging.

With increasing competition within the EV segment, automakers may need to increase the number and value of incentives like these to attract customers, especially in the United States, where Tesla remains dominant in the market.

What do you think of the article? Do you have any comments, questions, or concerns? Shoot me an email at william@teslarati.com. You can also reach me on Twitter @WilliamWritin. If you have news tips, email us at tips@teslarati.com!

Tesla offers Model S and Model X customers amazing new incentive

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Tesla Autopilot cleared in 2019 case involving Model S, plaintiff awarded zero damages

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Tesla Autopilot did not fail to perform safely in the case of a 2019 accident involving a Model S in California, a jury in the state found on Friday.

Justine Hsu of Los Angeles sued Tesla in 2020 after an accident that occurred the year prior left her with a fractured jaw, missing teeth, and nerve damage to her face after her Model S allegedly swerved into a curb while operating on Autopilot.

Hsu believed Autopilot had a flawed design, which contributed to the accident, and sued Tesla in an effort to claim over $3 million in damages.

Tesla denied liability for the accident and said that Hsu was using Autopilot on city streets, an act that the automaker warned against doing, Reuters said in its report. Tesla Autopilot was only to be used on highways.

On Friday, a Superior Court in Los Angeles awarded Hsu zero damages and acquitted Tesla of wrongdoing. The jury said the airbag, which Hsu claimed caused the various facial injuries as the car collided with the curb, did not fail to act appropriately and performed safely. It also found that Tesla did not intentionally fail to disclose facts about the vehicle’s operation to her, the report said.

It is a groundbreaking win for Tesla in what is likely the first of many future cases involving a plaintiff involved in an accident and an automaker developing semi-autonomous vehicle capabilities.

In the instance of Tesla, the company has offered its robust driver assistance suites, including Autopilot and Full Self-Driving, to customers at a price. However, the various warnings the automaker has put forth on its website and owner’s manuals have not prevented drivers from using them irresponsibly.

Unfortunately, it is not the first occurrence of an accident while Autopilot or FSD have been engaged. Tesla Autopilot was accused of being active in a 2021 crash in Texas that claimed the lives of two people.

However, the National Transportation Safety Board (NTSB) found that excessive speed was the cause of the accident and not Autopilot.

Of course, this is just one instance, but Hsu’s case saw Tesla acquitted of any wrongdoing, and it is a major win for the automaker as it moves forward with its development of driver assistance suites.

I’d love to hear from you! If you have any comments, concerns, or questions, please email me at joey@teslarati.com. You can also reach me on Twitter @KlenderJoey, or if you have news tips, you can email us at tips@teslarati.com.

Tesla Autopilot cleared in 2019 case involving Model S, plaintiff awarded zero damages

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