The explosion was caused by a combination of fireworks, gas tanks, and camping fuel connected to a detonation system controlled by the driver.
The driver of the Cybertruck was identified as Matthew Livelsberger, a 37-year-old Colorado resident and former Army veteran.
The FBI is investigating a possible connection between the Cybertruck explosion and a terrorist attack in New Orleans carried out by another Army veteran just hours earlier.
Tesla CEO Elon Musk stated that the explosion was caused by very large fireworks and/or a bomb in the bed of the Cybertruck and that the vehicles design helped contain the blast.
Las Vegas Sheriff Kevin McMahill emphasized that the explosion occurred on iconic Las Vegas Boulevard and that the police are taking all necessary precautions to ensure public safety.
The Cybertruck was rented in Colorado and arrived in Las Vegas on the morning of the explosion.
Surveillance footage shows the driver circling the Trump Hotel before stopping and detonating the explosives.
The FBI is investigating the incident as a possible terrorist act but believes it was isolated.