Tesla's Cybertruck Reportedly Auctioned Off For Eye-popping $400,000 Ahead Of Its Official Launch — Here Are The Details
Portfolio Pulse from Shanthi Rexaline
Tesla's yet-to-be-launched Cybertruck has reportedly been auctioned off for $400,000 at the Peterson Automotive Museum in Los Angeles. The auction was hosted by television host Jay Leno. The Cybertruck is expected to be released in late 2023 and has been widely anticipated. Analyst Gary Black expects the Cybertruck to stimulate sales of other Tesla EVs once launched.
October 08, 2023 | 4:27 pm
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POSITIVE IMPACT
The auction of Tesla's Cybertruck for $400,000, significantly above the expected base price, indicates strong interest in the product. This could potentially boost Tesla's stock in the short term.
The high auction price for the Cybertruck indicates strong demand and interest in the product. This could lead to increased sales once the product is officially launched, potentially boosting Tesla's revenues and positively impacting its stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100