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Tesla CEO Elon Musk has announced that his company will unveil an electric articulated truck in September 2017.

Additionally, the Tesla CEO said an electric pick-up truck would be shown off in around 18-24 months.

In 2016, Elon Musk expressed the company’s desire to branch out beyond cars.

However, analysts are concerned Tesla will not meet demand for its current projects.

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The Model 3, a more mid-market car compared to what Tesla currently offers, has 400,000 pre-orders – vastly more than the company can manufacture in a year. The Model 3 is due to go into production later this year.

However, despite this hurdle, investors seem confident that Elon Musk will meet his ambitious promises – Tesla’s surging stock price saw it briefly become the most valuable car maker in the US on April 10.

Speaking about the truck, Elon Musk said his team had done an “amazing job” and the vehicle would be “seriously next level”.

In a string of tweets sent out on April 13, Elon Musk also said that the next version of its roadster sports car will be a convertible.

Tesla has unveiled its lowest-cost vehicle to date, Model 3 electric car.

The price and range of the five-seater should make Model 3 appealing to new types of customers and could boost interest in other electric cars.

Tesla CEO Elon Musk said his goal was to produce about 500,000 vehicles a year once production is at full speed.

Photo Tesla

Photo Tesla

The company needs the new car to prove popular if it is to stay in business.

The first deliveries of Model 3 are scheduled to start in late 2017, and it can be ordered in advance in dozens of countries.

The basic model will start at $35,000 and have a range of at least 215 miles per charge.

In 2015, Tesla delivered 50,580 vehicles. Most of those were its Model S saloon, which overtook Nissan’s Leaf to become the world’s best selling pure-electric vehicle.

However, Tesla still posted a net loss of $889 million for 2015, partly because it spent $718 million on research and development over the period.

It left Tesla with cash reserves of $1.2 billion, down from $1.9 billion a year earlier.