Tesla's Apology For Cybertruck Delays? $1,000 Discount On Other Models For Reservation Holders Sparks More Frustration, Speculation
Portfolio Pulse from Anan Ashraf
Tesla Inc (NASDAQ:TSLA) has started delivering the Cybertruck, with reservations exceeding a million. To appease waiting customers, Tesla emailed Cybertruck reservation holders offering a $1,000 discount on other Tesla models. This move has led to customer frustration and speculation that Tesla may be trying to boost sales of other models due to longer Cybertruck wait times. Tesla also released a 1:18 scale diecast Cybertruck model for $225. Elon Musk has indicated that reaching the target of 250,000 Cybertruck deliveries annually may take until 2025.
December 01, 2023 | 6:23 am
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NEUTRAL IMPACT
Tesla's offer of a $1,000 discount on other models to Cybertruck reservation holders may indicate a strategy to boost sales, potentially due to anticipated delays in Cybertruck deliveries. The customer frustration and speculation could impact investor sentiment.
The news of Tesla offering discounts to Cybertruck reservation holders could be seen as a strategy to maintain sales momentum for its other models, which might be necessary due to potential delays in Cybertruck production and delivery. While this could be a positive sign of Tesla's adaptability and customer retention efforts, the mixed reactions from customers and the speculation about longer wait times for the Cybertruck could lead to a neutral short-term impact on the stock price as investors weigh the implications.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80