Tesla dips down nearly 4% before bouncing back a bit
Tesla, a stock known for sometimes trading on vibes, was down nearly 4% today after observers noted that the electric-vehicle company was offering discounts on its Cybertruck. Last year Tesla sold roughly 40,000 of its apocalyptic-looking newest model — a far cry from the million-plus reservations the vehicle received. Even still, those sales helped stanch even bigger losses in the US. Tesla’s largely aging vehicle lineup has been under intense pressure from new entrants to the EV market like Ford, GM, and Honda.
Of course, yesterday, amid a bunch of bad news, the stock was up 8%, so take any Tesla news with a grain of salt. As of 1:10 p.m. ET, the stock is still down over 3%.