Tesla's Long-Awaited Cybertruck Fails To Impress

Tesla’s Cybertruck is finally here—and the stock market isn’t thrilled.

Tesla is offering a $1,000 discount to Cybertruck reservation holders who place an order or lease for another model. I Photo: Elon Musk X

Tesla delivered the first batch of its avant-garde pickup trucks to customers on Thursday afternoon at a livestreamed event in Austin, Texas, as reported by Al Root for Barron’s Daily.

Now that it has officially arrived, investors, Wall Street analysts, and potential truck buyers can compare specifications across all the battery-powered trucks currently on the US market.

However, the market has been stumped as Tesla offers $1,000 to Cybertruck reservation holders to get a different Tesla, as reported by Ryan Erik King for Jalopnik on the same day.

Tesla stocks are also dropping as the market finds that Ford, GM, and Rivian trucks are better than Cybertruck.

Tesla is offering a $1,000 discount to Cybertruck reservation holders who place an order or lease for another model. The new discount does raise a few questions in the wake of the Cybertruck delivery event.

Why would someone purchasing a Cybertruck want to buy another vehicle immediately? How long are reservation holders going to wait before receiving their post-apocalyptic pickups?

This discount is being offered to customers who made a reservation before the live-streamed delivery event. To take advantage of the $1,000, an order must be made for a new Model 3, Model Y, Model S, or Model X before the end of this year.

Tesla fans could grow frustrated by being encouraged to spend even more money while waiting for the transformational electric pickup they were promised.

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