Tesla Stock Falls as Company Holds Cybertruck Event – The Wall Street Journal

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Nov. 30, 2023 at 7:39 PM EST
Updated 1 month ago
By
David Marino-Nachison
, Editor
Tesla's Cybertruck is its first new passenger vehicle in more than three years. (Mike Blake/Reuters)
Shares of Tesla retreated Thursday as the company held an event at its Austin, Texas, factory to commemorate the first deliveries of its long-awaited Cybertruck.
The truck—with its distinctive, angular design and stainless-steel exterior—is Tesla’s first new passenger vehicle in more than three years, extending a lineup that already includes the Models S, 3 and X, as well as a semi truck. It arrives as the industry is confronting questions about electric-vehicle demand, with Tesla and other manufacturers turning to discounts to spur sales.
Tesla’s shares finished the day down 1.8%. They have climbed in 2023, rising 98% through Wednesday’s close.
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