just launched a new model that no one saw coming. This vehicle, however, is not likely to move stock. However, that could motivate Tesla loving parents to rush to the company’s website for the coolest gift for the holidays.
Tesla (ticker: TSLA) now sells the Cyberquad, a four-wheeled ATV inspired by its pioneering Cybertruck. It costs $ 1,900 and is designed for children.
Barron imagine that looks pretty cool for 10 year olds. The minimum age recommended by Tesla is eight.
Customers can order Cyberquad now. It starts shipping in two to four weeks, according to Tesla’s website, but orders are not guaranteed to arrive before the holidays.
While it may generate some buzz, Cyberquad’s launch does not appear to have been a stock market event. Tesla stock was down around 0.9% in Thursday afternoon trading, while the
Dow Jones Industrial Average
increased by about 1.7% and 2.1%, respectively.
What investors really want is the Cybertruck, Tesla’s entry into the pickup truck market. Deliveries are expected in early 2022, but the exact date is not known. Tesla did not respond to a request for comment on the timing.
An update on Cybertruck’s deliveries could come during the company’s fourth quarter earnings conference call, scheduled for late January. CEO Elon Musk said he will participate in that call and provide investors with an updated product roadmap. Upcoming Tesla models include the Cybertruck, a new roadster, and a semi-truck. Later, Tesla wants to sell a cheaper electric vehicle that starts at around $ 25,000.
Any of these products should be fair game for Musk to discuss in the New Year.
Write to Al Root at [email protected]