Tesla edges into pickup truck market with electric model

Tesla is aiming for the heart of the auto industry’s profit machine with its own version of the heavy pickup truck.

Rolling onstage before a wall of lasers and flame at the Los Angeles Auto Show, the introduction of Tesla’s sharp-angled, stainless-steel “cybertruck” was not a quiet one.

Nor was it without surprises.

The vehicle, which Tesla CEO Elon Musk said will cost $39,900 and up, will have an estimated battery range of between 250 miles (402.3 kilometers) to more than 500 miles.

The electric pickup truck will be in production in 2021, Musk said Thursday in Los Angeles.

With the launch Tesla is not only edging into the most profitable corner of the U.S. auto market, it’s also gunning for buyers with fierce brand loyalty.

Many pickup truck buyers stick with the same brand for life, choosing a truck based on what their mom or dad drove or what they decided was the toughest model, said Erik Gordon, a professor at the University of Michigan Ross School of Business.

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