Tesla's (TSLA) Cybertruck has yet to be released, but many wondering how the model will fair in the current market given the demand for more affordable vehicles. David Undercoffler, Autolist Editor-in-Chief joins Yahoo Finance to discuss what lies in store for Tesla going into the next fiscal year and how the Cybertruck may fair in this pricing environment. "I would be very surprised if the actual Cybertruck hit the road in the next year to 18 months and it a starting price of had anything lower than $60,000. That is an expensive proposition right out of the gate," says Undercoffler, remaining skeptical on the future performance of the vehicle with most consumers. However, Undercoffler says the company's revised Model 3 is "bigger news" given that the refresh has potential to generate more interest and boost sales. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Republicans claim everybody will soon have to drive a Chinese-made electric vehicle they don't want. Um, no.
Billionaire Elon Musk waded into German politics on Friday, sharing the post of another account on his social media platform X that attacked the government's handling of illegal migration and backed the far-right Alternative for Germany (AfD). Migration has become a hot topic of debate in Germany ahead of elections on Oct. 8 in the states of Bavaria and Hesse, and in Europe at large ahead of European parliamentary elections next year. The post shared by Musk came from an account identified as Radio Genoa.