Skip to main content

The Week in Tesla News: Tesla Truck Time Nears, Dyson Drops Out as Porsche Prices Down, Tesla Apes Amazon and More

tesla pickup truck jpg Manufacturer image

There’s been one official teaser image from Tesla regarding its upcoming pickup truck — still on schedule for a reveal in November, according to CEO Elon Musk — and a bunch of images floating around the internet that show what it could possibly look like. (Some of them are hideous.) But Musk says what he calls the “Cybertruck” bears little resemblance to those unofficial images, and looks more like “an armored personnel carrier from the future.”

Related: Which 2019 Electric Cars Have the Greatest Range?

Shop the 2019 Tesla Model 3 near you

Used
2019 Tesla Model 3 Mid Range
59,000 mi.
$21,500 $1,000 price drop
Used
2019 Tesla Model 3 Long Range
53,748 mi.
$22,300 $100 price drop

Elsewhere: Tesla is aiming to create “Tesla Centers” to act as vehicle distribution points, similar to Amazon’s distribution plan; some analysts think Tesla is partly responsible for falling prices among German luxury vehicles; and Dyson axes its plan to build an electric car while Porsche adds a lower-priced Taycan to offer more Model S competition.

‘Armored Personnel Carrier From the Future’

Musk’s description of the upcoming pickup doesn’t evoke an aesthetic shared by any previous Tesla model, but it’s eyebrow-raising for him to say that none of the images released online looks like the upcoming pickup. We’ve already seen Rivian’s R1T all-electric pickup, which has a traditional, if slightly futuristic, pickup truck look. If Tesla’s pickup is a radical departure, it could affect the truck’s ability to convert traditional pickup buyers. We’ll (hopefully) find out what it looks like sometime in November, though no specific date has been announced.

Tesla Tries to Get Centered on Sales

img152349082 1459470443501 jpg Tesla Storefront | Cars.com photo by Angela Conners

 Following a quarter that saw nearly 100,000 worldwide deliveries, Tesla thinks it can do better. Reports indicate that the company believes not cresting the six-figure mark came down to a poor distribution system, and that the solution will be a series of sales, service and delivery locations in major metropolitan areas. How much larger or how much different these locations would be from Tesla’s stores remains to be seen, as does how these locations would be able to circumvent local and state vehicle sales laws (if at all).

No More Competition From Dyson, More From Porsche

Dyson, most famous for making vacuums, has scrapped its plans to build an electric car. Founder James Dyson told his employees via email that it was unable to make the vehicle commercially viable and that no buyer for the project could be found. The company will continue its work on car-related technologies like batteries, and autonomous and safety technologies, but will no longer put those into a car of its own making.

Meanwhile, Porsche just announced an entry-level trim of the all-electric Taycan sedan, the 4S, which is priced from roughly $105,000. That price is more closely in line with a loaded Tesla Model S, offering luxury shoppers more choice when it comes to electric sedans.

porsche taycan 4s 2020 09 angle  blue  doors  exterior  front  overhead jpg 2020 Porsche Taycan 4S | Manufacturer image

Teslas Hurting Luxury Residual Value?

Residual value for German luxury vehicles has been falling in recent years, and analysts at Capital One are claiming that the increasing popularity of Tesla is at least partly to blame. With a growing supply of 3-year-old used luxury cars, prices have taken a downturn. Part of the lack of demand for those used vehicles is — according to these analysts — due to increased demand for Teslas.

J.D. Power thinks Tesla may be a contributing factor but not the primary one; it believes that high lease rates in general, the increased availability of once-luxury-exclusive features in more affordable vehicles and the high lease rates of luxury cars have more to do with the current oversupply.

More From Cars.com:

porsche taycan 4s 2020 03 angle  blue  exterior  rear jpg 2020 Porsche Taycan 4S | Manufacturer image

Cars.com’s Editorial department is your source for automotive news and reviews. In line with Cars.com’s long-standing ethics policy, editors and reviewers don’t accept gifts or free trips from automakers. The Editorial department is independent of Cars.com’s advertising, sales and sponsored content departments.

Photo of Brian Normile
Road Test Editor Brian Normile joined the automotive industry and Cars.com in 2013, and he became part of the Editorial staff in 2014. Brian spent his childhood devouring every car magazine he got his hands on — not literally, eventually — and now reviews and tests vehicles to help consumers make informed choices. Someday, Brian hopes to learn what to do with his hands when he’s reviewing a car on camera. He would daily-drive an Alfa Romeo 4C if he could. Email Brian Normile

Featured stories

202305 suv highest towing capacity scaled jpg
cadillac lyriq 2024 02 exterior front angle scaled jpg
202407 what to do if manufacturer is defunct jpg