Tesla stock plummets due to Cybertruck delivery issues

Elon Musk is facing ongoing challenges as Tesla stock continues to drop. On Tuesday, shares fell by about 5.3%. This decline comes as the company deals with issues surrounding the Tesla Cybertruck. Reports indicate that deliveries of the Cybertruck have been delayed. Many buyers are posting complaints online, stating that parts of the truck are falling off. Some have been told that their vehicles are on a "containment hold," which means there may be problems that need fixing before they can be delivered. The Cybertruck's troubles have been noted since its launch in 2023, especially regarding its trim. Tesla recalled some Cybertrucks last June for similar issues. Now, analysts expect Tesla’s delivery numbers to drop in the first quarter of 2025, marking the lowest figures since late 2022. These troubles for Tesla come as there have been large protests at dealerships across the U.S. Many people are boycotting the company, with tensions linked to Musk's support of former President Trump. Trump recently labeled the boycotts as “illegal” and expressed his support for Musk. A recent poll shows that 53% of Americans have a negative opinion of Musk. Only 35% view him positively. The ongoing issues highlight the tough position Musk faces as both a public figure and business leader.