Tesla has just delivered the first Cybertrucks, and alongside the release of the new vehicle it has announced several accessories, including three different wraps for the Cybertruck’s unpainted stainless steel body.
Originally, Tesla CEO Elon Musk said that “Cybertruck can have any color you want, so long as it’s nothing.”And in fact explicitly said that Tesla would not offer wraps, at least “at first,” but added that there are plenty of third-party installers who would be happy to install a wrap.
But as release came closer, we started to see cracks in that narrative. Tesla recently started installing its own wraps on Model 3 and Model Y, though they are quite pricey at a starting price of $7,500. This is due to Tesla’s use of more expensive PPF film, rather than cheaper vinyl film, because it is thicker, has a longer warranty, and better protects the paint underneath than vinyl does.
And sure enough, today Tesla updated its accessory site with satin black and white wraps for the Cybertruck available at a pricey $6,500, and a “cheaper” clear satin wrap for $5,000 (satin is a middle-ground between “gloss” and “matte” finishes).
These wraps, like the 3 and Y wrap, use thicker self-healing PPF film. Although, PPF might be kind of an odd choice, because PPF stands for “paint protection film” and, well, the Cybertruck does not have any paint to protect. But, it is thicker and lasts longer, and Tesla claims that it is “more environmentally friendly than traditional vinyl wraps” (we are not sure what the source or metric is for this claim – perhaps because it’s longer lasting?).
Tesla calls the white and black wraps “color paint film“, which is perhaps technically inaccurate since they are both monochrome and thus, in fact, are not actually colors. The clear wrap is called “satin clear paint film,” and seems to apply a satin sheen to an already-not-glossy vehicle body to begin with.
We don’t have a lot of details other than what’s listed above, because Tesla has not yet updated its wrap FAQ with any specific information about the Cybertruck. But we imagine that the wraps will work similarly to those of the 3 and Y, though apparently they are cheaper, perhaps due to lower complexity from the Cybertruck’s comparative lack of curved surfaces (even though the Cybertruck is a larger vehicle, and thus probably requires more material).
So far, these wraps can only be installed in two Tesla service centers – Carlsbad and West Covina, both in Southern California. Although we have noticed job postings for automotive film installers on Tesla’s job site, so this will likely come to other areas soon (right now, there are postings for Santa Clara, CA and Austin, Texas).
Chevron is not seeing signs that the U.S. is close to a recession even as President Donald Trump’s tariffs weigh on expectations for oil demand, CEO Mike Wirth said Tuesday.
“There’s no signs that we see at this point that we are in or close to a recession,” Wirth told CNBC’s “Squawk Box.” “There are signs that growth may be slowing and we have to always be prepared for that.”
The International Monetary Fund on Monday cut its growth outlook for the U.S. this year to 1.8%, down from 2.7% previously.
The oil market is expecting reduced demand as a consequence of Trump’s tariffs and the decision by OPEC+ increase production faster than expected, Wirth said. Chevron isn’t changing its capital spending plans in response to drop in prices, the CEO said.
U.S. crude oil prices have fallen about 11% since Trump announced his tariffs on April 2. West Texas Intermediate was last up about 72 cents at $63.80 per barrel. OPEC and the International Energy Agency have cut their demand outlooks for this year.
Wirth said U.S. onshore oil production in patches like the Permian Basin is likely to pull back if prices hit $60 per barrel. Offshore production likely won’t be affected, he said.
“That’s an area where if we were to be at a $60 price or even lower you’re likely to see activity pull back in this sector and you’ll see the production response over a few months,” Wirth said. “That’s what we should watch, not so much the deep water activity.”
Chevron is not expecting a major direct impact on its business from Trump’s tariffs as energy has largely been exempt from the levies, Wirth said.
“The effects that we feel are likely to be more the macroeconomic effects as they flow through the economy,” Wirth said. “The bigger issues would be what would it mean for growth, and global trade and how does that evolve.”
Executives at oil and gas companies were scathing in their criticism of Trump’s tariffs in an anonymous March survey by the Federal Reserve Bank of Dallas, warning that steel tariffs were raising their costs and low prices could impact their activity.
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Little is known about super-secretive EV startup Slate, but the fledgling brand is rumored to be backed by Jeff Bezos and determined to shake up the existing electric order with an affordable lineup of compact SUVs and pickups with that golden $25,000 price tag.
Now, at least, we know what it’s gonna look like. The battle of the billionaires is on!
Redditor jonjopop over at the spotted subreddit spotted what looks like an early prototype of an unbranded SUV with bizarre “CryShare” wrap. CryShare, as a concept, seems to combine the functionality of a ride sharing app like Uber or Lyft with the familiar (to parent, anyway) idea that small babies will often sleep better in a moving car than in their own cribs … but that’s not what’s important here.
Instead, focus on the vehicle itself – parked on Abbot Kinney Boulevard in Los Angeles without explanation or fanfare, this is our best look yet at the kind of vehicle(s) Slate is likely to reveal in the coming days.
Other local automotive journalists caught wind of the public unveiling, too – and our friends at The Autopian (Hi, Matt!) sent their own David Tracy out on the streets of LA to check it out. Tracy took the following video and posted it to Instagram.
As with so much involving Slate, however, there is nothing here written in stone – or even cast in cheese. Nothing has been announced, nothing is promised, and for all we know this might have more to do with the affordable Rivian brand launch, a new BYD, or be a viral marketing bit from some local Art Center design student in (relatively) nearby Pasadena. In fact, about the only thing I think we can say about Bezos (?) new Slate project with confidence today is this: Elon could probably use that drink.
SOURCES | IMAGES: Reddit, The Autopian.
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Gold prices rebounded on Tuesday from a near four-week low reached in the previous session, as heightened concerns over the global trade war between the United States and its key trading partners lifted investor appetite for safe-haven assets.
Chris Ratcliffe | Bloomberg | Getty Images
Gold prices rallied Tuesday, hitting a record as President Donald Trump‘s repeated threats against the Federal Reserve’s independence have shaken investors and undermined confidence in the U.S.
Gold futures hit a session high of $3,509.90 per ounce Tuesday, after closing at a record $3,425.30 on Monday. The precious metal was last up 1.1% at $3,463.20. Gold has rallied about 31% since the start of the year and more than 9% since Trump announced sweeping tariffs on April 2.
Trump ratcheted up his public pressure campaign against Federal Reserve Chairman Jerome Powell on Monday, demanding he immediately lower interest rates and attacking him as a “major loser.” Equity markets sold off in response, with the Dow Jones Industrial Average falling more than 970 points.
Gold is viewed as a safe-haven asset in times of economic uncertainty. Central banks around the world have been adding to their gold reserves, supporting the precious metal’s rally this year.
“Gold has continued to serve as an effective hedge amid ongoing trade uncertainty,” analysts led by Mark Haefele, global wealth management chief Investment officer at UBS, told clients in a Tuesday note.
“Despite this strong performance, we see further upside potential,” Haefele said. “We continue to see support from investment demand, ongoing central bank diversification and a volatile macro backdrop.”
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