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Musk finally launches a new low-cost $70,000 Cybertruck—but Tesla fans and investors anticipate little demand [Fortune]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
Customers waiting to get behind the wheel of a more affordable Cybertruck have, at long last, an entry-level option courtesy of CEO Elon Musk. But they may be in for a sticker shock—all told, Tesla shaved only $10,000 off the price of the new rear-wheel-drive pickup while simultaneously stripping away a number of features prized by truck buyers. Although it comes with a slight increase in range, overall critical reception was muted at best, given that this third version rounds out the range, which was considered the final chance to reignite interest in what threatens to become a historic flop. With eight recalls in just about 15 months of production, the stiff price and perceived poor value for money make it the latest bitter disappointment for a once highly anticipated model that initially seemed poised to become Musk's next breakout hit. “We expect little if any incremental volume will be added to [Wall Street] Tesla delivery estimates as a result of the CT RWD addition,” w
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