TSLA Stock News: Get Ready for the Cybertruck in 2023
Tesla (NASDAQ: TSLA ) stock is on many investors’ minds today after the automaker’s very well-known CEO, Elon Musk, said that it had chosen a final design for its upcoming Cybertruck. Moreover, according to Musk, the truck will be produced starting in the middle of next year. On a negative note, however, the CEO warned that two of the company’s major factories were burning billions of dollars due to supply-chain issues. TSLA Stock: The Cybertruck’s Latest Timeline The electric vehicle’s (EV) timeline has been postponed at least four times since Tesla introduced the concept in 2019. According to Elektrek : “A significant part of the delay has been attributed to Tesla updating the design of the Cybertruck on several occasions.” As a result, Musk’s statement about the truck’s design being “locked” should be viewed as good news for TSLA stock owners. Importantly, however, the Cybertruck, even if it’s released next year, will face a significant amount of competition. Among the automakers that have already launched electric trucks are Ford (NYSE: F ), General Motors (NYSE: GM ), and Nikola (NASDAQ: NKLA ).
TSLA Stock News: Get Ready for the Cybertruck in 2023
Tesla (NASDAQ: TSLA ) stock is on many investors’ minds today after the automaker’s very well-known CEO, Elon Musk, said that it had chosen a final design for its upcoming Cybertruck. Moreover, according to Musk, the truck will be produced starting in the middle of next year. On a negative note, however, the CEO warned that two of the company’s major factories were burning billions of dollars due to supply-chain issues. TSLA Stock: The Cybertruck’s Latest Timeline The electric vehicle’s (EV) timeline has been postponed at least four times since Tesla introduced the concept in 2019. According to Elektrek : “A significant part of the delay has been attributed to Tesla updating the design of the Cybertruck on several occasions.” As a result, Musk’s statement about the truck’s design being “locked” should be viewed as good news for TSLA stock owners. Importantly, however, the Cybertruck, even if it’s released next year, will face a significant amount of competition. Among the automakers that have already launched electric trucks are Ford (NYSE: F ), General Motors (NYSE: GM ), and Nikola (NASDAQ: NKLA ).