Skip to content

Cybertruck deliveries to start; How will Tesla stock fare?

Cybertruck deliveries to start; How will Tesla stock fare
Elmaz Sabovic

On November 30, Tesla (NASDAQ: TSLA) is set to distribute the initial shipment of Cybertrucks to customers, commemorating four years since CEO Elon Musk initially announced the electric vehicle with its distinctive steel exterior to the automotive community.

As per a post by Sawyer Merr, co-founder of TwinBirchUSA, on November 30th, 2023, at 2:00 p.m. Central Time, Tesla is organizing an event at its Austin, Texas headquarters to deliver the first Cybertrucks to customers. Tesla will also unveil specific details about the Cybertruck during the event, which will be broadcast live on social platform X.

The introduction of the Cybertruck coincides with efforts by automakers such as Ford (NYSE: F), General Motors (NYSE: GM), and Toyota (TYO: 7203) to reduce the cost of their electric vehicles, aiming to attract a broader audience. Observers on Wall Street anticipate the single-motor model to fall within the $50,000 range, while the dual and tri-motor models are expected to be priced between $60,000 and $80,000.

Tesla’s venture into the electric vehicle market’s lucrative sector—full-sized pickup trucks—is symbolized by the Cybertruck. Cox data indicates a surge in sales and demand for EV pickups since late 2020. Tesla’s sustained growth hinges on its ability to provide diverse vehicle options, given the increasing number of consumers transitioning to the EV landscape.

TSLA stock price analysis

Alongside the new Cybertruck model to be released, Tesla’s stock has demonstrated solid performance since the beginning of November. As of the last closing, it was valued at $244.14, reflecting an approximately -1.05% decrease on Thursday prior to the market opening.

TSLA 30-day stock price chart. Source: Finbold
TSLA 30-day stock price chart. Source: Finbold

Nevertheless, it’s crucial to remember that Tesla stock’s recent performance has shown signs of recovery, especially since its latest earnings report. Overall, TSLA has experienced an increase of 21.56% in the past month.

Buy stocks now with Interactive Brokers – the most advanced investment platform

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in 70+ cryptocurrencies and 3,000+ other assets including stocks and precious metals.

  • 0% commission on stocks - buy in bulk or just a fraction from as little as $10.

  • Copy top-performing traders in real time, automatically.

  • Regulated by financial authorities including FCA and FINRA.

2.8 Million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

Read Next:

Weekly Finance Digest

By subscribing you agree with Finbold T&C’s & Privacy Policy

Related posts