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Elon Musk's SpaceX purchases over 1,000 Cybertrucks as demand plummets: 'You have to wonder what other tricks they pulled' [Yahoo! Finance]

Tesla, Inc. (TSLA)  More Company Research Source: Yahoo! Finance
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
Electrek reported on how Musk is using one of his companies, SpaceX, to help make up for a massive shortfall of a market for the controversial Cybertruck. Tesla is facing challenges selling even 20,000 Cybertrucks annually, far below Musk's initial projections of 500,000, per Electrek's analysis. As a result, Tesla is left with large stockpiles of the vehicles even as they've heavily reduced their production. Making a small dent in the inventory is SpaceX. The company has already bought over 1,000 Cybertrucks with room to double its fleet. An X user shared a video of a lot teeming with the vehicles. At a starting retail price of $80,000, SpaceX's purchases could add up to anywhere between $80 million to $160 million in sales for Tesla. As Electrek pointed out, there is nothing illegal about Musk's machinations here. Still, essentially having to bail out a failing product isn't good news for Tesla nor the best move for SpaceX. Investors certainly should be concerned that Mus [Read more]
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Stockreport

Elon Musk's SpaceX purchases over 1,000 Cybertrucks as demand plummets: 'You have to wonder what other tricks they pulled' [Yahoo! Finance]

Tesla, Inc.  (TSLA) 
More Company Research Source: Yahoo! Finance
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
Electrek reported on how Musk is using one of his companies, SpaceX, to help make up for a massive shortfall of a market for the controversial Cybertruck. Tesla is facing challenges selling even 20,000 Cybertrucks annually, far below Musk's initial projections of 500,000, per Electrek's analysis. As a result, Tesla is left with large stockpiles of the vehicles even as they've heavily reduced their production. Making a small dent in the inventory is SpaceX. The company has already bought over 1,000 Cybertrucks with room to double its fleet. An X user shared a video of a lot teeming with the vehicles. At a starting retail price of $80,000, SpaceX's purchases could add up to anywhere between $80 million to $160 million in sales for Tesla. As Electrek pointed out, there is nothing illegal about Musk's machinations here. Still, essentially having to bail out a failing product isn't good news for Tesla nor the best move for SpaceX. Investors certainly should be concerned that Mus [Read more]
IMPACT SNAPSHOT
EVENT TIME:
TSLA
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS