Tesla falls on long wait for Cybertruck payoff, hefty price tag / Tesla shares fell more than 3% on Friday

www.reuters.com Tesla's Cybertruck feels like an SUV; price, lower driving range upset some

Tesla's pricier-than-expected Cybertruck pickup, which offers driving ranges that fell well short of what CEO Elon Musk had promised, has deeply disappointed some but fascinated others with its futuristic, SUV-like feel.

Tesla falls on long wait for Cybertruck payoff, hefty price tag / Tesla shares fell more than 3% on Friday::Tesla's pricier-than-expected Cybertruck pickup, which offers driving ranges that fell well short of what CEO Elon Musk had promised, has deeply disappointed some but fascinated others with its futuristic, SUV-like feel.

13 comments

I know the cybertruck hate thing is hot rn, but 3% is a tiny margin for the stock to change by, that’s just a normal movement not some catastrophic collapse
- Normally a company would get a boost after a major announcement, though, if it was successful.
- Not only that, but it recovered most of it throughout the day.
I think I’m going to cancel my Cybertruck order. Seems like quality is going to be a big issue, too.
- I have to ask, what about that thing is appealing to you? Genuinely curious.
  
  I've wanted one too. For me it has a weird sorta retro scifi feel. Like, if a Dolorian was a truck. Mixed with a splash of Night Rider. Even some elements of Tron (the hard lines/angles).
- Couldn't pay me for a v1 of this thing.
"Reddit co-founder Alexis Ohanian, who was among the first dozen customers to pick up the vehicle on Thursday, said..." 🤣🤣🤣
“Oh no! anyway…”
This is the best summary I could come up with:

SAN FRANCISCO, Dec 1 (Reuters) - Tesla's (TSLA.O) pricier-than-expected Cybertruck pickup, which offers driving ranges that fell well short of what CEO Elon Musk had promised, has deeply disappointed some but fascinated others with its futuristic, SUV-like feel.

The Cybertruck, two years behind schedule, enters a hot pickup truck market to compete with the likes of Ford's (F.N) F150 Lightning, Rivian Automotive's (RIVN.O) R1T and General Motors' (GM.N) Hummer EV.

Among those disappointed is Texas-based financial services executive Christian Cook, who had booked a Cybertruck in 2019 after Musk promised a cheaper pickup that travels farther on a single charge.

"The truck pricing and range is a huge let down," Cook, who drives a Model 3 and told Reuters he had made certain financial decisions based on his plans to buy a Cybertruck.

Musk's personal ability to build the Tesla brand has also been questioned this week after a live interview in which he cursed out advertisers who left his X social media platform, formerly known as Twitter, over antisemitic material.

"Many of Tesla's early adopters who bought into the dream of a sustainable future are being kind of rudely woken up," by some of the "strange things" he has done, turning him from a "rebel" into a "misguided person" for some people, said JP Kuehlwein, an adjunct professor of marketing at Columbia University Business School.

The original article contains 663 words, the summary contains 226 words. Saved 66%. I'm a bot and I'm open source!
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