Electric vehicle giant Tesla (TSLA) wants you to buy a Cybertruck. This is not especially surprising, given that one of the biggest customers of Cybertrucks right now seems to be SpaceX. But Tesla would love to branch out, and is offering a special deal accordingly. Tesla is offering 36-month leases with zero down payment to get users behind the wheel. Investors may have thought this smacked of desperation, because they sent Tesla shares down fractionally in Tuesday afternoon’s trading.
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Forget margin or options. Here's how the pros trade TSLATaking advantage of the zero-down lease gets you access to two monthly payments setups. The Premium AWD trim is available for $997 a month, while the Cyberbeast is available for $1,595. Drivers get 10,000 miles per year with the lease, with overage charges accordingly of $0.25 per extra mile. There is also a $695 acquisition fee, as well as taxes and other fees relevant to your location.
Those who want to try the full Tesla experience, though, may be stymied. While Cybertrucks do offer Full Self-Driving (Supervised) service, it is not clear if leased Cybertrucks will apply here. So for those who not only want to try the Cybertruck experience, but also want to try the FSD experience all in one handy package, this may be the way to do just that.
Mother Elon, May I?
There is an unexpected wrinkle in Tesla’s used market, as a YouTuber who found a cheap Tesla and converted it into a whole new platform discovered that Tesla’s various services tend to go against improvisation efforts. Remmy Evans bought a 2020 Model 3 that was basically a wreck in someone’s driveway, paying $2,000 for it. He then converted it into a go-kart that served as “…the cheapest functioning Tesla most of the internet has ever seen….”
But problems emerged quickly. The previous owner disabled the safety sensor stack, which allowed the go-kart to behave in a much more acrobatic manner. The tires delaminated to the wire in a day, reports noted, and the touchscreen showed 78 error codes, but it still ran. Recharging the battery required a hacked adapter, and a software update later started locking Evans out in multiple ways. After all, a report from MotorBiscuit noted, “A Tesla will die quietly in its sleep if the software decides it should.”
Is Tesla a Buy, Hold or Sell?
Turning to Wall Street, analysts have a Hold consensus rating on TSLA stock based on 13 Buys, 11 Holds, and six Sells assigned in the past three months, as indicated by the graphic below. After a 64.94% rally in its share price over the past year, the average TSLA price target of $403.13 per share implies 3.66% upside potential.
