June 5, 2019—Elon Musk announced recently that Tesla's pickup will have a starting price of under $50,000, according to a report by CNN.
That price would undercut the trucks that electric truck maker Rivian plans to offer next year. The starting price of those trucks is expected to be just under $70,000. Ford is investing $500 million in Rivian and Amazon led a group of investors putting $700 million into the Michigan-based company.
Musk claimed his truck will be better than the Ford F-150 and outperform the Porsche 911. He said on Twitter that the base pickup truck will have all-wheel-drive and "crazy torque" from two electric motors.
Even at less than $50,000, the Tesla pickup would still cost more than the average truck. The average price paid for a pickup in America last month was about $37,000, according to KBB.com.
