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Tesla Co-Founder Takes On Elon Musk, Jeff Bezos With Plans For $41,000 Electric Truck - Tesla (NASDAQ:TSLA)

Telo aims to deliver the MT1 by 2026 with a 350-mile range and a $41,000 starting price, targeting urban users amid declining big electric truck sales.

Summary by Benzinga
A Tesla co-founder is back in the electric vehicle space and will be taking his former company head on with plans for an electric pickup truck on market in 2026.
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Marc Tarpenning, co-founder of Tesla, invests in Telo Trucks and its compact electric pick-up MT1. California's start-up raised $20 million to challenge Tesla with a mini-format approach.

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Marc Tarpenning, the co-founder of Tesla, has just invested in the American start-up Telo who wants to venture into the field of electric pick-ups. His model called MT1 puts on its tiny size to stand out. And if the key for electric pick-ups to gain ground was to reduce

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In the United States, the pickup segment is one of the most important in the market. Little by little, mascots of this kind give way to new electric generations. Other more recent manufacturers are also trying to make their way. Tesla arrived a few years ago with his Cybertruck. Since then, he has become the target of several start-ups, including Telo Trucks. Telo Trucks offers a model... original, let's say. Telo Trucks MT-1: the most atypical …

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Electrek broke the news on Tuesday, September 23, 2025.
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