The truck will likely be the same type of vehicle as Ford's F-Series pickup trucks. The Ford F-150 is the best-selling vehicle of any kind in the United States.

Musk said Tesla might make the truck in 5 years.

Tesla CEO Elon Musk spoke at Business Insider's IGNITION event in New York yesterday. He made his remarks about the pickup truck during a post-interview Q&A session at the side of the stage. After he descended the stage, Musk was surrounded by a crowd of conference attendees, and he answered questions about Tesla and his rocket company, SpaceX, for about half an hour.