TSLA·Tesla, Inc.

Tesla has introduced a new, more affordable Cybertruck model priced at $59,990, while also cutting the price of the Cyberbeast model to $99,990. This strategy, which may include discontinuing the Luxe Package, aims to attract a broader customer base. Simultaneously, Elon Musk reiterated the April production goal for the Cybertruck, anticipating a slow ramp-up. This could impact revenue projections. In other news, Tesla secured an FCC waiver to enable wireless charging for the Cybercab, potentially improving the EV charging experience. Tesla's Full Self-Driving (FSD) system has driven over 8.2 billion miles, with the company reporting fewer collisions with FSD, though recent incidents raise concerns. Institutional investors continue to show interest, with CFO4Life Group LLC and VeraBank N.A. increasing their TSLA holdings. Looking at the broader market, the global battery market is projected to reach $468.07 billion by 2033, with Tesla explicitly mentioned in the context of the battery market analysis. However, Elon Musk is halting production of certain Tesla models to prioritize robot development, which could reshape the company's focus. Traders should watch for the impact of these strategic shifts on production capacity and future product offerings.