"Tesla's First Cybertruck Production at Giga Austin Boosts Stock and Reveals Surprising Details"
Tesla's stock (TSLA) is rising after the company announced that the first Cybertruck was produced at its Giga Austin plant. The news suggests that Tesla is on track for limited Cybertruck production later this year and its first customer delivery event in Q3. The announcement has had a ripple effect in the EV pickup space, with Ford cutting prices for its F-150 Lightning pickup and Rivian showcasing its new dual-motor electric powertrain system. Tesla's Q2 earnings will be announced on July 19.