'Just Being Very Cautious,' Says Elon Musk As Tesla Reportedly Resumes Cybertruck Deliveries After Brief Halt
Portfolio Pulse from Anan Ashraf
Tesla, Inc. (NASDAQ:TSLA) has resumed deliveries of its Cybertruck after a brief halt, with CEO Elon Musk citing caution as the reason for the pause. The halt was reportedly due to an issue with the pickup truck's accelerator pedal, but no injuries or accidents occurred. Tesla aims to deliver a quarter million Cybertruck vehicles annually, with 2,803 units sold in the U.S. in the first quarter. Tesla shares closed down nearly 1% at $155.45 and dropped nearly 0.5% after hours.
April 18, 2024 | 8:09 am
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Tesla resumes Cybertruck deliveries after a brief halt due to an accelerator pedal issue, with no reported injuries. Aims for 250,000 annual deliveries.
The resumption of Cybertruck deliveries after a brief halt due to a precautionary measure suggests a positive outlook for Tesla's production and delivery capabilities. The absence of injuries or accidents mitigates potential negative perceptions. The company's goal to deliver a quarter million Cybertrucks annually highlights its ambitious production targets. However, the recent stock price drop indicates market sensitivity to production issues, suggesting a cautious optimism in the short term.
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