A new electric pickup truck will beat Tesla's Cybertruck to market. Here's why Lordstown Motor's Endurance could be a major threat.

Like Tesla's Cybertruck, the Lordstown pickup truck has a range of over 250 miles and a towing capacity of 7,500 pounds.

The truck can seat five people and hit a top speed of 80 mph.

The vehicle can charge 95% in 0.5 to 1.5 hours on a Level 3 DC charger.

A prototype is expected to be revealed in January, and the company is set to begin shipping the vehicles by the end of 2020. Preorders of the pickup truck are now available for a $100 deposit.