Tesla, Inc. (NASDAQ:TSLA) is a little more than a week away from the launch of its widely-touted Cybertruck but analysts have given cold shoulder to the electric pick-up truck.
What Happened: Tesla CEO Elon Musk had a deprecating reaction to Jefferies analyst Philippe Houchois’ comments on Monday about Cybertruck. When a Tesla influencer shared a story that summarized the analyst’s comments, the billionaire reacted with a clown emoji.
So, what led Musk to blow the top? The analyst called the Cybetruck an “off-mission product” that is being launched at a time the company appears to be on a “slow track” at least for the next 12-18 months. The analyst sees 2024 as an already “lost year” from the perspective of growth. Cybertruck cancellation, according to the analyst, would help Tesla refocus on ...