[rubecube]

Originally Posted by Fuzz

What's really funny is Tesla stock has been climbing while all the Tesla-stans are getting super giddy about the Cybertruck launch. The smart money is that this thing is a dog, and the announcement is going to be hella disappointing with high prices, lower range, low production numbers, talk of challenges, and a whole bunch of broken promises. So add this speech in, and it's gonna be a bloodbath tomorrow. If I was in to shorting stocks, this would be easy money.

Yep. Also, I am stunned that another one of Elon's promises (price of Cybertruck) turned out to be complete B.S.

https://finance.yahoo.com/news/tesla...154752957.html

The launch of Tesla's (TSLA) long-awaited Cybertruck wasn't enough to boost the shares of the electric vehicle maker on Friday.

The truck's price came in significantly higher than many had expected with the lowest-grade model starting at $60,990 before any electric vehicle-related tax benefits. In 2019, Tesla had said it expected to price the truck at $39,900.

For investors, questions still loom about the demand for Cybertrucks, which can cost nearly $100,000 for the top model.

"There were a lot of folks in 2019 that wanted this product," Tom Narayan, lead equity analyst for global autos at RBC Capital Markets, told Yahoo Finance live on Thursday. "I'd expect the conversion rate [from reservations] to be about 20%."

The stock fell more than 2% in morning trading on Friday.