GM looks to shift back into overdrive with investors.
After a long wait, Tesla's (NASDAQ: TSLA) Cybertruck has finally arrived, four years after CEO Elon Musk stood on stage to unveil the futuristic vehicle. Thursday's delivery event featured much of the fanfare that has helped distinguish the Tesla brand. Like an automotive version of Willy Wonka, Musk showed off footage of the Cybertruck being shot with various guns, competing and winning in a truck pull against the Ford F-150 Lightning, an F-350 diesel, and a Rivian R1T, and beating the Porsche 911 in a quarter-mile race while towing another Porsche 911.
Investors were rewarded as Tesla stock gained 19.5% for the month, according to data provided by S&P Global Market Intelligence. Tesla CEO Elon Musk called out those higher rates in the company's third-quarter conference call in October as a reason for a slowdown in demand for EVs.