Tesla has officially stopped plans to produce the Cybertruck for Australia and New Zealand, informing reservation holders that deposits made since 2019 will be fully refunded. The decision stems from the high costs and engineering challenges of making a right-hand-drive version, combined with disappointing sales in other regions. Tesla is offering a free one-year Full Self-Driving subscription to customers who order a new Model 3 or Model Y as compensation. This move highlights Tesla's focus on left-hand-drive markets and prioritizing other projects like autonomy and energy storage over redesigning the Cybertruck for niche markets.
As of Oct 23, 2026 18:51 WIB, Tesla's stock trades at USD 375.32 on Pluang, showing a modest 0.20% increase for the day. Despite the company's decision to halt Cybertruck production in Australia and New Zealand, investor activity on Pluang leans heavily toward selling, with 84% of orders to sell versus 16% to buy. Tesla's market cap stands at $1.48 trillion, reflecting its large scale despite regional challenges.
Questrade now offers pre-market (7:30 am to 9:25 am ET) and post-market (4:00 pm to 4:15 pm ET) trading for equity options on 29 selected stocks and ETFs, including major names like AAPL and TSLA. This allows investors to respond to earnings reports ...
SpaceX stock experienced significant volatility over the past month, with prices fluctuating between $104.83 and $225.64, currently trading near $149. Despite a recent 9.14% drop, the stock remains above its IPO price of $135. The company reported st...
SpaceX reported a $561 million unrealized gain from its stake in The Boring Co. during Q3, contributing to a net income of just over $4 billion. The Boring Co., spun out from SpaceX in 2018, recently raised $3 billion at a $23 billion valuation, back...
Tesla is set to expand its gold-colored Cybercab robotaxi service from Austin to Dallas in November and start selling the vehicles to outside fleet operators by the end of the year. The company aims to dominate transportation, but faces challenges in...
SpaceX announced that any merger with Tesla requires approval from Elon Musk, the controlling investor, even though he has stepped back from talks due to conflicts of interest. Musk recently called the merger a "good idea" and both companies have for...
