Here's the question and answer related to the CyberTruck from the call:
Q: Edison -- Deutsche Bank -- Analyst
Hi. It's Edison [Phonetic] on for Emmanuel. Thanks for taking our questions. First, there's been a lot of activity in the industry about electric pickups lately. Just curious if you have any updates, anymore insights you can share on the one that you're about to put out later?
A: Elon R. Musk -- Founder, Chief Executive Officer & Director
Yeah, we're not -- I think we've said enough about the Tesla Cyber Truck. We're not going to -- this is not the right forum for us to do product launches. But I think it would be -- I mean, my opinion, and this could be totally wrong. I could be totally out to lunch here, but I think the Tesla Cyber Truck is our best product ever. That's my opinion. Yeah. Yeah.
Additionally, Tesla released a bit of new info on the Tesla truck in its Q3 earnings report. Well, maybe it's not info, but rather lack thereof.
The graphic below shows us that Tesla has yet to determine a production site for the pickup truck, which could be taken to mean several different things. Perhaps the truck is still a bit far off and a site won't be picked for a while. Or maybe, a whole new site will be needed to produce the truck in high volume. We'd place our bets on the latter.
If priced below $50,000, as Musk suggested in the past, sales would surely be through the roof, so Tesla would indeed need a new factory to produce the truck in a massive volume.
Looking back to recap Tesla truck details
In top-level trim, the Tesla truck should boast a range of between 400 and 500 miles, possibly more. As one might suspect, it will be all-wheel drive with a motor for each axle. Musk also noted that the suspension will dynamically adjust according to its load. Being electric and a truck means it will have gobs of torque. Musk once tweeted that it could tow 300,000 pounds.
Gallery: Top Tesla Trucks Renders
Some additional features include 240-volt power for all of your work tools, a unique drop-down tailgate and it will parallel park automatically & have 360-degree cameras & sonar.
There's even some speculation that the Tesla truck will be the first Tesla equipped with the million-mile battery that's being developed by Tesla researcher Jeff Dahn and Jessie Harlow. Read more on the battery from an entry in the Journal of the Electrochemical Society here.
Trucks are known for reliability and dependability. In fact, reliability often tops the list for truck buyers. Performance and other aspects generally rank much lower. How can Tesla assure electric truck buyers that the Tesla Truck will be reliable? Quite simply by offering a million-mile battery with a warranty to back it up.
Are you as excited about the Tesla truck as we are? It seems this could be the vehicle that takes Tesla to a whole new level. The reveal is now just weeks away in November.