Tesla Inc. Chief Executive Elon Musk tweeted Wednesday that the EV maker has penciled in Nov. 30 as the date it will start selling the first Cybertrucks.
The good news about the unconventional-looking electric pickup truck initially boosted Tesla stock
TSLA,
in the extended session Wednesday, despite an earnings miss for the company.
However, Musk sought to temper that optimism on the post-results call, and Tesla stock fell more than 3% in the extended session after rallying by as much as 2% immediately following the earnings update.
Musk also reposted a “Q3 shareholders update” tweet from Tesla showing the Nov. 30 event.
In a letter to shareholders accompanying results, Tesla pegged the first Cybertruck sales to later in the year, without specifying a date.
The Cybertruck, whose prototype was unveiled in late 2019, has been delayed for a couple of years.
U.S. buyers have favored pickups and SUVs for years over smaller vehicles. But electric pickups are not thick on the ground apart from Rivian Automotive Inc.
RIVN,
vehicles and the Ford Lightning, the electric version of Ford Motor Co.’s
F,
best-selling F-150 truck.
So far this year, Tesla’s stock has more than doubled, contrasting with an advance of about 13% for the S&P 500 index
SPX.
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