Why Tesla's Shares Are Trucking Lower Today
Shares of Tesla (NASDAQ: TSLA) were trading sharply lower on Friday morning after the Thursday-night reveal of the company's Cybertruck pickup fell short of expectations.
As of 11:00 a.m. EST, Tesla's shares were down about 6% from Thursday's closing price.
Investors had expected Tesla's much-touted pickup truck to be a more-or-less forthright electric challenger to the huge-selling (and hugely profitable) full-size pickups from Ford Motor (NYSE: F), General Motors (NYSE: GM), and Fiat Chrysler Automobiles (NYSE: FCAU).
Source Fool.com
