Tesla Denies Cybertruck Inventory Concerns: 'We Are Actively Building Foundation Series'
Portfolio Pulse from Benzinga EV Insights
Tesla Inc. (NASDAQ:TSLA) has denied concerns about an unexpected buildup of Foundation Series Cybertruck inventories, stating that they are actively building the series. Despite reports of rising inventories and full lots in some locations, Tesla maintains that production and customer interest remain robust. This situation has raised questions about Tesla's pricing strategy and market positioning for the Cybertruck.
May 22, 2024 | 1:24 pm
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Tesla has denied concerns about an unexpected buildup of Foundation Series Cybertruck inventories, stating that they are actively building the series. Despite reports of rising inventories and full lots in some locations, Tesla maintains that production and customer interest remain robust. This situation has raised questions about Tesla's pricing strategy and market positioning for the Cybertruck.
The news presents mixed signals for Tesla. While the company denies inventory concerns and asserts robust production, reports of rising inventories and full lots in some locations could indicate potential oversupply issues. This has raised questions about Tesla's pricing strategy and market positioning for the Cybertruck, which could impact short-term stock prices.
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