XPEV - Tesla Cybertruck Seen As Pricier 'Side Story' More Ford Dealers Drop Out Of EV Program Fisker's Production Woes And More: Biggest EV Stories Of The Week | Benzinga
Electric vehicle stocks had a mixed outing in the week that ended on Dec. 1, as stock-specific actions drove sentiment in some cases while the listless performance of the broader market also weighed down on the industry. Tesla, Inc. (NASDAQ:TSLA) managed to post a weekly gain but settled off the highs, as the pre-Cybertruck launch frenzy soured amid mixed reviews for the electric pickup truck.
Here are the key events that happened in the EV space during the week:
Tesla’s Cybertruck Launch, Swedish Strike Update And More: After four years of its unveiling, Tesla’s Cybertruck finally saw the light of the day. The company held a grand delivery event Thursday afternoon at its Giga Austin facility and handed over the first few vehicles to customers. Delving into the details Tesla made available on its website, most analysts said the EV pickup truck was pricier.
Deepwater Asset Management’s Gene Munster, who is bullish on Tesla, said the final pricing of the three trim levels was at least 20-25% above his expectations. He also said the Cybertruck will likely be a “side story” until the company fully ramps up production to an annual production rate of 25,000 units in 2026.
Tesla continues to fight union troubles in Sweden as the Elon Musk-led company sued the Swedish Transport Agency after employees affiliated with Sweden’s public service union, Fackförbundent ST, stopped delivering mail, including license plates, to Tesla, local news ...