The Elon Musk-led company’s shares fell 5.3% in early trading and were on track to lose about $30 billion in market value.
Read More Tesla quarterly deliveries fall for the first time in nearly four yearsTag: Rivian Automotive
Tesla falls on long wait for Cybertruck payoff, hefty price tag
Tesla shares fell about 2% after the highly anticipated launch of its Cybertruck left analysts concerned about the EV’s steep price tag and a longer wait for significant financial payoff.
Read More Tesla falls on long wait for Cybertruck payoff, hefty price tagStarting at $60,990, Tesla’s Cybertruck is priced 50% higher than initial estimate
Tesla’s long-delayed Cybertruck will be priced starting at $60,990, over 50% more than what CEO Elon Musk had touted in 2019.
Read More Starting at $60,990, Tesla’s Cybertruck is priced 50% higher than initial estimate