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Stock Market Today: Dow on Pace for Best Month of Year; Investors Await Tesla Cybertruck News
Salesforce rises after earnings; Nasdaq, S&P 500 also see strong months
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Tesla's Cybertruck is its first new passenger vehicle in more than three years. (Mike Blake/Reuters)
Shares of Tesla retreated Thursday ahead of a planned event at its Austin, Texas, factory to commemorate the first deliveries of its long-awaited Cybertruck.
The truck—with its distinctive, angular design and stainless-steel exterior—is Tesla’s first new passenger vehicle in more than three years, extending a lineup that already includes the Models S, 3 and X, as well as a semi truck. It arrives as the industry is confronting questions about electric-vehicle demand, with Tesla and other manufacturers turning to discounts to spur sales.
Tesla’s shares recently stood 1% lower. They have climbed in 2023, rising 98% through Wednesday’s close.
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