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Elon Musk first presented the Cybertruck in 2019.
Photograph by Frederic J. Brown/AFP via Getty Images
Tesla
stock was rising on Monday after the electric vehicle maker produced its first Cybertruck. The electric pickup’s launch could provide a boost to Tesla as the focus turns to its second-quarter earnings report this week and questions about its margins.
Tesla
(ticker: TSLA) announced over the weekend that the first Cybertruck had been built at the company’s factory in Texas.
Tesla shares were up 1.7% in premarket trading on Monday.
The Cybertruck’s arrival is positive but there are still plenty of questions to be answered about the company’s most important vehicle since the 2017 launch of Tesla’s Model 3. Details on price, the pace of production and deliveries are all unclear.
Some answers could be forthcoming in Tesla’s second-quarter earnings report and call on Wednesday. Another key topic will be its margins, after lower gross automotive margins sent the stock falling following its first-quarter report in April, although Tesla shares have risen sharply since then.
“In TSLA’s case we think this should be the low point of auto margin but commentary about future price cuts vs. benefits to margin will be key. We think margin tailwinds should trump additional price adjustments” analysts at Baird wrote in a research note on Monday.
Write to Adam Clark at [email protected]
Source: https://www.barrons.com/articles/tesla-stock-cybertruck-ev-pickup-margins-878dfb1c?siteid=yhoof2&yptr=yahoo