Cybertruck sales launch didn't impress investors - Tesla shares reacted to the announcement with a fall

Investors did not remain delighted with the re-presentation of the electric pick-up truck Cybertruck. The share price of Tesla ended the trades with a decrease.

Here's What We Know

The Cybertruck was introduced in November 2019. It took the company four years to start deliveries. Although the start of sales can be called full-fledged only conditionally, since Tesla handed over only 10 cars, the pre-order for which was placed in 2019.

The situation will not change dramatically in the near future. It is expected that by the end of the year Tesla will sell about 250 electric pickup trucks, and in 2024 sales, according to analysts' forecasts, will stop at the mark of 75,000 units. Earlier, Elon Musk announced plans to produce 125,000 and 250,000 vehicles in 2024 and 2025, respectively.

Morgan Stanley experts predict that the share of Cybertruck in the total revenue structure of Tesla in 2025 will be at most 5%. At the same time, the electric pickup truck will not bring the company profit. But it will be influenced by the pricing policy. Now the top configuration of the car costs $100,000. On average, prices have increased about one and a half times compared to what was announced at the first presentation in 2019.

Tesla shares fell 2 per cent after the Cybertruck began deliveries. By the close of trading, the course was able to recover some of the losses. By the end of the session, the fall in the value of securities was about 0.5%.

Source: Reuters