Tesla Inc (NASDAQ: TSLA) is trading lower on Thursday. The weakness could be the result of multiple reports that the company removed the Cybertruck’s production date from its website, leading to retention issues.
The update on Tesla’s website was first reported last week, but a series of reports flooded the news today, which appears to be having a negative effect on Tesla’s stock.
Cybertruck’s page on Tesla’s online page recently says, “You’ll be completing your setup as production approaches. “However, he already told buyers, last month, “You’ll be completing your setup as production approaches in 2022. “
The removal of “in 2022” from the site poses waiting problems.
The Cybertruck was first introduced in 2019. At the time, Tesla announced that it expected the Cybertruck to roll off the production lines by the end of 2021. Shortly after the Cybertruck was announced, Tesla postponed production until 2022. Now it turns out that the long-awaited electric truck has again been delayed.
Investors shouldn’t have to wait long for clarity. Tesla CEO Elon Musk said (last month) that he would provide an “updated product roadmap” at the company’s next earnings call.
Product roadmap updated in the next call
– Elon Musk (@elonmusk) December 3, 2021
Tesla is expected to report its fourth-quarter monetary effects after the market closes on Jan. 26.
See also: Why Virgin Galactic shares are falling today
TSLA Price Action: Tesla traded as low as $539. 49 and as high as $1,243. 49 over a 52-week period.
Inventory was down 4. 13% to $1,060. 50 at press time.
Photo: Courtesy of Tesla.
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