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MORNING BUSINESS REPORT: AI in Cars & Food, Tesla Delays Cybertruck Deliveries
Tesla has paused Cybertruck deliveries due to reports of panels detaching, as confirmed by multiple owners and the news site Electrek.
The company's stock has dropped over 50% since mid-December, linked to backlash against CEO Elon Musk and intensifying competition, according to analysts.
Many Cybertruck owners have reported adhesive issues with trim pieces coming apart, which prompted Tesla's decision to pause sales.
Despite previous high demand claims, actual sales of Cybertrucks fell short of expectations, as noted by Cox Automotive.
American media reports that Tesla is set to halt deliveries of its futuristic Cybertrucks after several customer complaints. Footage has emerged on social media showing parts falling off the brand-new electric pickup trucks.