Tesla update

According to Tech Viral: “Tesla has abruptly stopped Cybertruck and Model Y production, triggering a nearly 3% stock drop to $348.29, as shown in the finance card above.

“The pause, Tesla’s third Cybertruck halt this year at its Austin Gigafactory, compounds delays in Robotaxi plans and Elon Musk’s controversies.

 

“As EV competition intensifies, Tesla’s frequent disruptions fuel doubts about its ability to meet bold goals, raising concerns among investors and customers.”

Tesla stock has been on an upward slope since January 2023. Its P/E is 178. Tesla continues to defy gravity.

 

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