Tesla is discounting new Cybertruck models to compete, facing challenges in sales and production

From Nasdaq: 2025-01-20 09:36:00

Tesla, Inc. TSLA is offering discounts on new Cybertruck models, up to $1,600 for new trucks and $2,600 for demo versions. Production in Austin has slowed. Despite challenges, the Cybertruck outsold the Ford Lightning F-150 in 2024 but faced recalls and production setbacks. Overall, TSLA deliveries declined in 2024 amidst increased EV competition.

Tesla’s Zacks Rank is #3, with better-ranked auto stocks like GELYY, BLBD, and ALSN at #1. Estimates show growth for these companies in sales and earnings for fiscal years. The Zacks expert handpicked these stocks as potential home runs, with the opportunity to gain +100% or more in 2024. Most are under Wall Street radar.

For more information on Tesla’s Cybertruck discounts and the latest stock analysis reports for GELYY, BLBD, and ALSN, visit Zacks.com. Tesla’s future challenges include rolling back EV incentives and potential tariffs in 2025. Buyers have a wide range of EV options beyond Tesla, impacting the company’s market share and sales in the competitive auto industry.



Read more at Nasdaq: Tesla Offers Discount on Cybertruck Amid Rising Competition