Where’s Tesla’s Cybertruck?
CEO Elon Musk has been teasing the electric pickup truck since 2019.
But now Musk says the Cybertruck will “hopefully” launch by the end of 2023.
I know my colleague Steve Fernandez already canceled his preorder. And I’m sure many others have as well.
That may be one reason why Tesla’s stock is down 25% from its November high.
And now, one entrepreneur wants to sell a $22,900 add-on that turns the Cybertruck into a boat.
Personally, I think the Cybertruck boat looks ridiculous.
And based on the feedback we got recently, some Winning Investor Daily readers aren’t fans of the Cybertruck in general.
Here’s what they had to say about it…
Your Thoughts on the Cybertruck
Phil G. says the Tesla Cybertruck is “way too angular for my tastes. But then I doubt I will ever be able to afford it anyway.”
— Thanks for your response, Phil! The Cybertruck’s base model will cost $39,900, although the more expensive options will cost as much as $69,900.
Robert D. believes it’s “not a truck.”
— That might be a controversial take, Robert. But you’re right that Tesla’s competitors, such as Ford and Rivian, have more conventional EV trucks.
Lynda H. writes: “Elon couldn’t have designed an uglier truck. Just sayin’.”
— Many people agree with you, Lynda. The Cybertruck has received a lot of criticism since it was unveiled back in 2019.
On the other hand, some Winning Investor Daily readers are fans of the Cybertruck.
Hugh T. says: “I indeed love the futuristic look of the Cybertruck. And in general, I love all Tesla cars.”
— Thanks for letting us know, Hugh. Tesla is certainly a popular brand. That’s a big reason why the company is valued at nearly $1 trillion, even after its recent drop.
“Vieillard à Barbe Grise” writes: “It slips through the wind, reduces drag and thereby increases efficiency. It’s about the future. It’s about efficiency. And that, to me, is a form of beauty. It’s a truck, not a Jaguar sports car.”
— Those are great points. You’re correct — looks aren’t everything.
Thank you to everyone who wrote in to share their thoughts.
If you have anything you’d like to say about Tesla’s Cybertruck or other EVs, you can email us at WinningInvestorDaily@BanyanHill.com.
There Are Better EV Plays Today Than Tesla
Ian King’s Strategic Fortunes subscribers sold half their position in Tesla back in July 2020 for a 552% gain.
They then sold the rest of their position two months later for a 919% win.
That was an incredible trade. But Ian believes there are better EV plays today than Tesla.
One of his favorites isn’t an EV maker. Rather, it’s a company that supplies materials needed for EV production.
Ian writes all about it in his special report The 1 Company Critical to the 1,400% EV Revolution.
You can learn more by watching his new presentation.
Assistant Managing Editor, Banyan Hill Publishing
From open till noon Eastern time.
IronNet Inc. (NYSE: IRNT) designs and develops solutions for cyberattacks. The stock jumped 29% after the company announced a multiyear contract with an anonymous Gulf Cooperation Council country to provide defense for its governmental, financial and infrastructure enterprises against cyberattacks.
CleanSpark Inc. (Nasdaq: CLSK) provides bitcoin mining and energy technology solutions worldwide. It is up 22% after the company announced, along with earnings, that it is considering strategic alternatives for its energy business so it can shift its focus solely on the bitcoin mining segment.
The Valens Co. Inc. (Nasdaq: VLNS) is a cannabis consumer products company that is up 21% this morning. The stock rose on the announcement that it had successfully commissioned and completed the first shipments of its cannabis-infused beverage from its manufacturing facility in Toronto.
Bowlero Corp. (NYSE: BOWL) owns and operates bowling entertainment centers. The stock is up 20% after the company reported strong results for Q2 that were driven by the return of in-person bowling and foot traffic at its locations.
Preferred Apartment Communities Inc. (NYSE: APTS) is a real estate investment trust focused primarily in the ownership and operation of Class A multifamily properties. It is up 18% on rumors that it has received a takeover offer.
Peabody Energy Corp. (NYSE: BTU) is a coal miner that is up 16% this morning. The stock rose after the company reported results for Q4 that beat estimates thanks to the recent surge in demand for coal.
Grab Holdings Ltd. (Nasdaq: GRAB) is a Southeast Asian company that provides transportation, food delivery and digital payments services. It is up 17% as it trades in sympathy with Uber, which delivered stellar results for Q4.
Datadog Inc. (Nasdaq: DDOG) provides a cloud monitoring and analytics platform for developers, information technology operations teams and business users. The stock is up 14% after it reported an earnings and revenue beat for Q4 and provided higher-than-expected guidance for 2022.
Agile Group Holdings Ltd. (OTC: AGPYY) is a Chinese property development and management company that is up 13% today. The stock is up along with other Chinese development and infrastructure stocks on recent signals that government spending would support the battered property sector.
I-Mab (Nasdaq: IMAB) discovers, develops and commercializes biologics to treat cancer and autoimmune disorders. It is up 13% this morning, with no significant news driving the move.