Tomorrow is a big day for Tesla, which plans to deliver its first Cybertruck vehicle to the customers. Introduced in 2019 by Elon Musk, the Cybertruck's journey from concept to reality has been eagerly watched by enthusiasts and skeptics alike. Initially slated for production in 2021, the Cybertruck will be the first pick-up truck vehicle added to Tesla’s lineup, which, until now, has been comprised only of sedans like Model S and Model X. Unlike anything else on the road, the Cybertruck's design is a radical departure from conventional automotive design. With its angular, box-like appearance and a stainless steel, bulletproof exterior, it looks like it is straight out of a sci-fi movie. Performance-wise, the Cybertruck is said to have a towing capacity rivaling the strongest diesel-powered trucks and the capability to accelerate from 0 to 60 mph in as little as 2.9 seconds. Building on these unique aspects of Tesla's Cybertruck, it is noteworthy how its eco-friendly electric powertrain sets it apart in a segment historically ruled by gas-guzzling counterparts. This shift towards sustainability could appeal to a new demographic of environmentally conscious consumers. Additionally, its advanced driver-assistance features, leveraging Tesla's pioneering Autopilot technology, offer convenience and safety not typically found in conventional pick-up trucks. The integration of these high-tech features, combined with its striking design, positions the Cybertruck not just as a utility vehicle but as a symbol of futuristic innovation in the automotive world.
Technical analysis gauge Daily time frame = Bullish Weekly time frame = Slightly bullish *The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of RSI, MACD, Stochastic, DM+-, ADX, and moving averages.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
I'll be interested to see the first owner reviews of the Cybertruck - its reveal turned into a meme and the company has been very secretive about it since. I can't say it looks appealing, but I'm not a truck buyer. Personally, I think it will flop - but it might not matter to the stock. TSLA never traded on fundamentals and price action looks like a fractal on multiple time frames. I'd be surprised to see a negative catalyst here either way, I guess.
Tradersweekly
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@it_will_fluctuate, I also can't wait to see reviews (though the truck does not appeal to me either). Thank you for the comment.
the delivery of a truck .... and you're bullish. 🤡
Tradersweekly
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@SuckMyChart, The nature of the article is informative rather than predictive. How did you get the impression I am bullish? There is no mention of a stance whatsoever.