Tesla shares plunge by 6% after disastrous launch of electric pickup truck
“Oh my f---ing god,” Musk blurted out as he realized things had gone horribly wrong.
And that was perhaps one of the more polite descriptions on Twitter, Facebook and Instagram, with commenters suggesting it looked like a a doorstop on wheels, something from a bad 1980s sci-fi movie, and even the “Homer-mobile,” the design sketched out by patriarch Homer in"The Simpsons" TV series. Comparisons were repeatedly made to the Pontiac Aztek, the 1990s-era crossover routinely listed as the worst design in automotive history.
Ahead of the Cybertruck debut, Gene Munster, an analyst with Loup Ventures, told CNBC that the all-electric pickup would help make Tesla “a much bigger business,” one that could eventually be selling 20 million vehicles annually, with a 25 percent share of the growing, global EV market.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tesla Cybertruck is a 'halo' vehicle that resets the Tesla story - Business InsiderBefore we decide that Tesla has lost its mind with a zany Cybertruck, remember that it's a 'halo' vehicle that resets the Tesla story
Read more »
Elon Musk’s ‘Cybertruck’ Will Thrill Tesla Fans, But Its Pickup Market Potential Is A PuzzlerAs Musk shows the world his vision for an electric Tesla pickup he's also stepping into a massive, lucrative vehicle segment that’s going to be tougher to crack than any he’s attempted before.
Read more »
Elon Musk Debuts His Hard-Edged Tesla Cybertruck–And It’s Really Not For EverybodyThe sci-fi loving billionaire has reinvented the pickup for the 21st century as an austere, hard-edged electric beast. Market reaction isn’t great as Tesla shares drop.
Read more »
Tesla reveals Cybertruck, but breaks its 'unbreakable' windows during unveilingThe Cybertruck has arrived and it looks nothing like any pickup truck you've ever seen. Tesla CEO Elon Musk revealed the long-awaited electric pickup truck at its Design Studio in Hawthorne, California, just outside Los Angeles.
Read more »
Tesla unveils the Cybertruck, its 'bulletproof' electric pickupThe Cybertruck has arrived and it looks nothing like any pickup truck you've ever seen. Years after first saying it was on the way, Tesla finally revealed the electric pickup truck at its Design Studio in Hawthorne, California, just outside Los Angeles.
Read more »
Tesla unveils its first electric pickup, the Cybertruck, starting at $39,900The truck is Tesla's sixth vehicle since it was founded in 2003.
Read more »