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A Retiree Who Bought 1,000 Tesla Shares at $197 Just Watched Musk Kill the Cybertruck
24/7 Wall St. • • general
Key Points:
- Tesla CEO Elon Musk announced plans to wind down Cybertruck production at the Texas Gigafactory by mid-2025 to increase production of the Cybercab, a robotaxi without a steering wheel or pedals.
- Despite the Cybertruck being Tesla’s best vehicle according to Musk, its sales have lagged significantly behind factory capacity, with about 71,000 sold since 2023 versus a capacity of 250,000 annually.
- Tesla’s stock rose 4.23% following the announcement, partially recovering from a recent broad market sell-off, but remains 26.9% below its December 2025 record high.
- For a retiree holding 1,000 Tesla shares bought at $197.08 each, the investment has gained 81.8% over four years but remains a concentrated and volatile position, representing 33.9% of their $1.06 million portfolio.
- Analysts are divided on Tesla’s outlook, with an average price target 15.3% above current levels, but concerns remain about the Cybercab’s regulatory approval and Tesla’s high valuation at nearly 394 times earnings.
