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TeslaInc. TSLA CEO Elon Musk offered an update on the companys much-awaited Cybertruck at an event held on Wednesday in connection with the announcement of the companys new engineering headquarters in Palo Alto, California.

What Happened: With Musk around, will there be any dearth of excitement? Among the host of issues he shared was the reiteration of the timeline for the Cybertruck. The billionaire confirmed that the Cybertruck is coming later this year and called the vehicle epic.

See Also: Everything You Need To Know About Tesla Stock

Theres a whole bunch of preproduction units that the audience can check out, Musk said.Its gonna change the look of the roads, he added.

Teslas official Twitter handle shared a collage showing the companys evolution and captioned it as Tesla began as a long-shot startup, founded 20 years ago in San Carlos. Now were Californias largest manufacturing employer!

Musks response to the tweet showed Cybertruck as the next vehicle from Teslas stable following the Semi, which was commercially made available late last year.

EV-1 -> Tzero -> Roadster -> S3XY -> Semi -> Cybertruck Elon Musk (@elonmusk) February 23, 2023Later, Musk shared a video of the Cybertruck at the Tesla Engineering Headquarters.

Cybertruck at Tesla Engineering HQ pic.twitter.com/2xo9Hjgfk9 Elon Musk (@elonmusk) February 23, 2023

Why Its Important: Cybertruck is expected to provide Teslas sagging vehicle volume a boost. While Wall Street is forecasting 92,000 units for 2024, the actual deliveries could be in the range of 200,000 units, adding $0.40 per share in incremental earnings per share, said Future Funds Gary Black said.

Earlier this month, reacting to a video of the Cybertruck shared by Drive Tesla Canada, Musk said, Still many tweaks to make it better (and the side mirrors are removable by owner) but this is very close to production design.

Yeah. Still many small tweaks to make it better (and the side mirrors are removable by owner), but this is very close to production design. Elon Musk (@elonmusk) February 3, 2023

When it finally arrives, the Cybertruck will be up against Rivian AutomotiveInc.s RIVN R1T and Ford Motor Companys F Lightning EV pickup truck.

Price Action: Tesla closed Wednesdays session up 1.77%, at $200.86, and added an incremental 0.77% in after-hours trading, according to Benzinga Pro data.

Read Next:Forget Lucid Overtaking Tesla, Analyst Says EV Maker May Instead Be Headed For Titanic's Fate

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Environment

First autonomous electric loaders in North America get to work

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First autonomous electric loaders in North America get to work

Swedish multinational Sandvik says it’s successfully deployed a pair of fully autonomous Toro LH518iB battery-electric underground loaders at the New Gold Inc. ($NGD) New Afton mine in British Columbia, Canada.

The heavy mining equipment experts at Sandvik say that the revolutionary new 18 ton loaders have been in service since mid-November, working in a designated test area of the mine’s “Lift 1” footwall. The mine’s operators are preparing to move the automated machines to the mine’s “C-Zone” any time now, putting them into regular service by the first of the new year.

“This is a significant milestone for Canadian mining, as these are North America’s first fully automated battery-electric loaders,” Sandvik said in a LinkedIn post. “(The Toro LH518iB’s) introduction highlights the potential of automation and electrification in mining.”

The company says the addition of the new heavy loaders will enable New Afton’s operations to “enhance cycle times and reduce heat, noise and greenhouse gas emissions” at the block cave mine – the only such operation (currently) in Canada.

Electrek’s Take

Epiroc announces new approach to underground mining market in North America
Battery-powered Scooptram; image by Epiroc

From drilling and rigging to heavy haul solutions, companies like Sandvik are proving that electric equipment is more than up to the task of moving dirt and pulling stuff out of the ground. At the same time, rising demand for nickel, lithium, and phosphates combined with the natural benefits of electrification are driving the adoption of electric mining machines while a persistent operator shortage is boosting demand for autonomous tech in those machines.

The combined factors listed above are rapidly accelerating the rate at which machines that are already in service are becoming obsolete – and, while some companies are exploring the cost/benefit of converting existing vehicles to electric or, in some cases, hydrogen, the general consensus seems to be that more companies will be be buying more new equipment more often in the years ahead.

What’s more, more of that equipment will be more and more likely to be autonomous as time goes on.

We covered the market outlook for autonomous and electric mining equipment earlier this summer, and I posted an episode exploring the growing demand for electric equipment on an episode of Quick Charge I’ve embedded, below. Check it out, then let us know what you think of the future of electric mining in the comments.

More EVs means more mines, equipment

SOURCE | IMAGES: Sandvik, via LinkedIn.

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Sports

Georgia QB Beck declares for 2025 NFL draft

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Georgia QB Beck declares for 2025 NFL draft

Georgia quarterback Carson Beck, who underwent surgery earlier this week to repair the ulnar collateral ligament in his right, throwing elbow, declared for the 2025 NFL draft Saturday.

In a social media post, Beck thanked his Georgia teammates and coaches, calling his time with the program “an incredible journey” and writing that he will be around to support the Bulldogs during their College Football Playoff run, which begins Wednesday against No. 7 seed Notre Dame in a quarterfinal matchup at the Allstate Sugar Bowl in New Orleans.

Beck injured his elbow on the final play of the first half against Texas in the SEC championship game Dec. 7. Renowned orthopedic surgeon Dr. Neal ElAttrache performed Beck’s surgery Monday in Los Angeles. Beck is expected to make a full recovery, according to the school, and he will resume throwing in the spring.

The 6-foot-4, 220-pound quarterback is in his fifth year at Georgia, but he had another year of eligibility because of the COVID year in 2020 and appeared in only three games in 2021.

Beck, a native of Jacksonville, Florida, went 24-3 as Georgia’s starter the past two seasons. He entered the fall as one of the top NFL prospects at quarterback. ESPN’s Mel Kiper Jr. listed Beck and Colorado‘s Shedeur Sanders as the top quarterbacks for the 2025 draft entering the season. Kiper’s latest Big Board lists Beck as the No. 4 draft-eligible quarterback prospect, behind Sanders, Miami‘s Cam Ward and Alabama‘s Jalen Milroe.

Beck did not match his 2023 numbers this fall but still finished with 3,485 passing yards, 28 touchdowns and 12 interceptions, 11 of which he threw during a five-game midseason stretch. He had 7,426 passing yards and 52 touchdowns over the past two seasons for Georgia, and he was a two-time finalist for the Manning Award and was a second-team All-SEC selection in 2023.

Redshirt sophomore Gunner Stockton replaced Beck in the SEC title game, which Georgia won 22-19 in overtime, and will start against Notre Dame.

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UConn extends coach Mora through 2028 season

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UConn extends coach Mora through 2028 season

UConn football coach Jim Mora has agreed to a new contract that includes two additional years that will take him through the 2028 season, the school announced Saturday.

The deal includes a raise to an average of $2.5 million annually over the course of the deal. He made $1.81 million in base salary in 2024, and the new deal will increase that base to $2.1 million in 2025.

Mora’s deal comes after he revived UConn football in his first three years at the school. He took over a program that went 1-11 in the year before his arrival and has led it to two bowl games in three years.

That includes an 8-4 regular season in 2024, which earned UConn a spot in the Wasabi Fenway Bowl against North Carolina on Saturday.

“Three years ago, I tasked Jim Mora with the challenge of leading our football team back to success and through his experience, energy and leadership he has done just that,” UConn athletic director David Benedict said in a statement. “He has taken our program to post season bowl games twice and just guided our team to one of the best seasons in UConn football history, building a momentum to keep this program moving forward. I look forward to his leadership of our football team in the years ahead.”

If Mora leads UConn to a win over North Carolina, it will mark the Huskies’ first nine-win season since 2007 and just the third nine-win season in school history. UConn went to the Myrtle Beach Bowl in Mora’s first year in 2022, the school’s first bowl game since Bob Diaco led the Huskies to the St. Petersburg Bowl in 2015.

Mora is a veteran coach who had two stints in the NFL with the Atlanta Falcons and Seattle Seahawks. He is in his ninth season as a college head coach, as he took the UCLA job in 2012 and had a successful stint there that included a pair of 10-win seasons. UCLA hasn’t won 10 games in a season since Mora left.

He mentioned at the Fenway Bowl news conference Friday that UConn went undefeated against Group of 5 teams this season, with its losses against Maryland, Duke, Wake Forest and Syracuse.

The 8-0 record against teams outside the power leagues, Mora noted, made UConn one of three Group of 5 teams to go undefeated against Group of 5 competition. He said that was a sign of UConn’s growth as a program.

“For this program, we want to start not just competing with but beating Power 4 teams,” Mora said, “and making the statement that we are becoming very relevant again on the football field.”

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