March 9, 2021—As soon as next quarter, Tesla could unveil an updated version of its highly anticipated Cybertruck. 

According to Electrek, Tesla plans to launch two versions of the Cybertruck this year, each with a driving range between 300 and 500 miles and a starting price of $49,000.  The news comes as CEO, Elon Musk, announced Tesla's Gigafactory in Texas will focus on producing electric pickup trucks. 

The all-electric Cybertruck is expected to enter production later this year along with a cheaper, lower-range option.