Elon Musk, Tesla’s Chief Executive, recently stated that the company could unveil a new vehicle in Europe in future time.
Already offering two SUVs, Y and X models along with two sedans, S and 3 models, it decides to market “Cybertruck” in the coming two years. The electric truck has a performance of a sports car.
Taking part in an online conference headed by Germany, Musk said the cars in the U.S. are often bigger in size as consumers' demand is different; but in Europe, a compact vehicle or a hatchback will be more sensible. He also referred to parking problems in cities like Berlin.
The electric car company’s stock exceeded $527.48 on November 25th, and its market cap reached $500 billion. The profitable firm has seen a fivefold rise in its stock prices.