Tesla Says Cybertruck's Cyberbeast Variant To Start At $99,990; Tesla Website Describes Cybertruck Prices As Estimated; Cybertruck All-Wheel Drive Can Travel 340 Miles Per Charge; Cybertruck's Rear-Wheel Drive Variant Will Be Available In 2025
Portfolio Pulse from Benzinga Newsdesk
Tesla has announced the starting price for the Cybertruck's Cyberbeast variant at $99,990. The company's website indicates that the prices for the Cybertruck are estimated. The all-wheel drive version of the Cybertruck is capable of traveling 340 miles per charge. Additionally, the rear-wheel drive variant of the Cybertruck is expected to be available in 2025.
November 30, 2023 | 8:58 pm
News sentiment analysis
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Tesla's announcement of the Cybertruck's Cyberbeast variant starting price and the estimated pricing could influence investor sentiment. The 340-mile range of the AWD version and the future availability of the RWD variant in 2025 may affect the stock's performance.
The announcement of the Cybertruck's pricing and capabilities is significant as it provides investors with more clarity on Tesla's product roadmap and potential revenue streams. The high starting price suggests a premium positioning which could translate to higher margins. The 340-mile range of the AWD version is competitive in the EV market, potentially boosting consumer interest and sales. The delay of the RWD variant to 2025 may be seen as a minor setback, but it also indicates Tesla's commitment to expanding its product line. Overall, this news is likely to be viewed positively by investors, leading to a potential short-term uptick in Tesla's stock price.
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IMPORTANCE 75
RELEVANCE 100