Yahoo Finance published this video item, entitled “Tesla’s Cybertruck ‘has missed the moment,’ The Verge Transportation Editor says” – below is their description.
Tesla’s Cybertruck (TSLA) is set to launch Thursday afternoon at its Gigafactory in Austin, Texas. While some investors are hyped for the release, there are those who feel that this isn’t the big moment the company and investors were hoping for. Andrew Hawkins, The Verge Transportation Editor and Tom Narayan, Lead Equity Analyst, Global Autos for RBC Capital Markets, join Yahoo Finance to discuss their thoughts on the launch and what it means for the company and investors alike.
Narayan describes the vehicle as a “halo car,” designed to lure shoppers that Tesla can sell its other vehicles to.
Hawkins explains his feelings: “When it [the Cybertuck] was first announced in 2019, there were no electric trucks on the market at that time. So if Tesla had actually released the truck and started delivering it to customers soon after that event, they really could’ve captured this market but now we’ve seen there’s the F150 Lightning (F), Rivian R1T (RIVN), there’s a Hummer truck (GM), and there’s more coming out… So I think there is an argument to be made that Tesla kind of missed the moment here.”
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
Connect with Yahoo Finance:
Check the latest news and data at finance.yahoo.com
Follow Yahoo Finance on social:
Connect with Yahoo Finance:
Get the latest news: https://yhoo.it/2fGu5Bb
Find Yahoo Finance on Facebook: http://bit.ly/2A9u5Zq
Follow Yahoo Finance on Twitter: http://bit.ly/2LMgloP
Follow Yahoo Finance on Instagram: http://bit.ly/2LOpNYz
Follow Yahoo Finance Premium on Twitter: https://bit.ly/3hhcnmV
Yahoo Finance YouTube Channel
Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.
