Tesla (TSLA) has drawn the ire of Cybertruck owners after it announced the promised Range Extender battery for the electric vehicle (EV) won’t be made. The EV maker originally introduced the Range Extender as a way to boost the range of the Cybertruck to its original estimates. However, troubled production resulted in it ending development of the battery pack.
Cybertruck owners were notified about the canceled Range Extender in an email from Tesla. The company noted that it will refund buyers who pre-ordered the EV accessory the $2,000 deposit. These refunds will be issued to the customers’ original payment method.
The death of the Cybertruck Range Extender is another mark of disappointment for owners of the EV. Not only was the electric truck delayed, it came with a slew of problems. A few of note were a rearview camera recall, steering errors, loss of power, rust on the stainless steel body, and more.
TSLA Stock Movement Today
Despite Tesla terminating the Cybertruck Range Extender, shares of TSLA stock rallied 5.01% on Friday. This extends an ongoing run for the EV company’s shares, which started to recover from 2025 weakness late in April. That came alongside news that founder and CEO Elon Musk would wind down his work with DOGE and focus more on the EV company. Even so, shares of TSLA stock are still down 26.17% year-to-date. Potential easing relations between the U.S. and China could be a big catalyst for the shares, resulting in further recovery.
Is TSLA Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for Tesla is Hold, based on 16 Buy, 10 Hold, and 11 Sell ratings over the last three months. With that comes an average TSLA price target of $284.23, representing a potential 4.98% downside for the shares.
