TSLA Share Price Down 2% as Tesla Holds Cybertruck Event
Tesla opens up bookings for its much-awaited Cybertruck with the rear-wheel drive version starting at $60,990 and a starting 250 mile range.
Tesla opens up bookings for its much-awaited Cybertruck with the rear-wheel drive version starting at $60,990 and a starting 250 mile range.
According to the company, it has plans to produce a total of 1.8 million vehicles with the total delivery expectations pegged around that figure.
Tesla as one of the highest valued tech stocks in the United States has taken a very massive beating in recent times, plunging by as much as 27% in the year-to-date period.
In addition to the most recent decline, TSLA has dropped more than 21% since the year started.
Tesla’s Elon Musk has had a long history of making his opinion known on Twitter and continued this trend with a spat with Sanders.
With Tesla hitting a record Q2 net profit, the company is making an optimistic prognosis for the upcoming future. It expects a 50% average annual growth in vehicle deliveries.
Following the latest news, Tesla (TSLA) stock closed Wednesday with a 3% fall. The dip continued during Thursday’s pre-market.
Tesla will release the report on October 21. According to Goldman Sachs’ Mark Delaney, it will be impressive due to electric vehicle adoption, margins, and market share all increasing.
“We think this is a big, big – one of the biggest of all time – houses of cards that’s getting ready to fold,” Trainer explained while pointing out the recent Tesla Inc (NASDAQ: TSLA) fundamentals.
Wall Street analysts have expressed their fears on the fast rise of Tesla (TSLA) stock but the company’s growth strategy may help sustain the growth.