The Tesla stocks (TSLA) fell about 5% resulting from the off-course unveiling of the new pickup trucks by Tesla which Elon Musk named the Cybertrucks last Friday. Due to this debacle, Wall Street was not dazzled by the Tesla Truck.
Recently, after the Tesla CEO, Elon Musk tweeted that the orders for the Cybertruck have hit a milestone of 250,000 on the morning of Wednesday, the stocks picked up their pace and saw a rise of 1.5% and also managed to recover the hit of 2.2% drop which it faced on Tuesday.
— Elon Musk (@elonmusk) November 27, 2019
It is worth keeping in mind that in the past three months, the stock is still up by approximately 55%. It is really fascinating that even after suffering from the backlash Tesla has faced due to unconventional design and the blunder in the display of the truck, Cybertuck still managed to lure the customers and continued to be in high demand.
Now, the real question is, will the TSLA stocks be able to keep up or will the Wall Street concern about the unconventional design of Tesla’s electric pickup truck come true? Stay tuned!