Electric vehicle (EV) makers are joining a broad rebound in growth shares, and Tesla (NASDAQ:TSLA) is climbing even as its chief executive warns that many Cybertruck buyers won’t get their trucks. Tesla stock is at $376.68, up 5% so far this afternoon. U.S. stocks are mounting a broad rally as investors return to artificial intelligence (AI) and growth names after last week’s post-midterm selloff.
Shutterstock
That risk appetite is the best-supported driver of the rebound in Tesla, which follows a rough stretch. Even with the bounce, Tesla stock is down 6% over the past week. On October 21, the company reported its Q3 2026 adjusted earnings per share (EPS) of $0.48, ahead of estimates, on revenue of $28.05 billion.
Musk Warns Many Cybertruck Deposits Will Be Returned
Tesla CEO Elon Musk wrote in a post on November 9, as reported by Yahoo Finance: “Cybertruck order rate far exceeds our production rate. We will try to make as many as possible before shutting down the line in about 8 months, but will have to return deposits for a lot of people.” Musk’s message followed his announcement, reported on November 6, that Tesla will wind down Cybertruck production at its Texas gigafactory around the middle of next year to make room for more Cybercab robotaxi output. He also argued that “the opportunity cost of the complexity of Cybertruck is vastly outweighed by the value of incremental Cybercab production.”
——
Learn 7 Ways To Generate Income With A $1,000,000+ Portfolio
If you’ve saved over $1,000,000, this guide is for you. The last thing you want in retirement is to run out of money, you want your money to generate lasting income while you enjoy your life.
Now you can learn the strategies wealthy retirees use to fund their retirement with The Definitive Guide to Retirement Income from Fisher Investments. Download the guide today! (sponsor)
——
Each Cybertruck deposit is $1,000, according to Yahoo Finance, and Tesla built annual Cybertruck capacity of 250,000 units at Giga Austin. Cox Automotive’s Kelley Blue Book estimated total Cybertruck sales since the 2023 launch at 71,000, far below that capacity. How many deposits Tesla might return remains unclear. The refund warning repeats Musk’s own words on Tesla’s October 21 call: “Demand is growing rapidly for our vehicles. It’s exceeding our production by a significant margin.”
Lucid Rallies Into Its Q3 Report While Rivian Lags
Third-quarter deliveries at Lucid Group (NASDAQ:LCID) fell to 3,806 from the second quarter, and the company reports its Q3 results after the close on November 9. Lucid stock is trading at $3.54, up 8%. Over the past week, the stock has gained 17%.
Cash burn is central to Lucid’s report. The company’s Q2 free cash flow was negative $1.48 billion, and CEO Silvio Napoli stated on the August 4 call that “bringing it down is an immediate priority.” Uber Technologies (NYSE:UBER) committed to at least 35,000 Lucid vehicles for robotaxis, so launch timing matters.
Rivian Automotive (NASDAQ:RIVN) stock is at $13.82, up 2%. The smaller gain trails both peers mentioned today, even though Rivian stock is up 14% over the past week. On October 29, the company reported third-quarter results with revenue of $2.155 billion, up 38.3% year over year, while its automotive gross loss narrowed to $80 million from $130 million, helped in part by regulatory credits and a tariff refund receivable.
How Tesla’s Business Model Stands Apart From Lucid and Rivian
Tesla’s reach extends well beyond cars, including energy storage, a Supercharger network, Full Self-Driving (FSD) software, Optimus humanoid robots and in-house AI compute. Lucid sells premium-priced Air and Gravity models, draws backing from Saudi Arabia’s Public Investment Fund and is building a factory in that country.
At Rivian, R1 and R2 consumer vehicles sit alongside electric delivery vans and a software joint venture with Volkswagen. That range gives Tesla more ways to handle a Cybertruck exit, while Lucid and Rivian lean more heavily on their vehicle ramps.
Cybertruck Refunds and Lucid’s Earnings Set Up the Next Test
Investors will be watching whether Lucid’s Q3 report shows cash burn shrinking from the second quarter’s pace. Lucid has missed EPS estimates in five straight quarters, so another miss could quickly undo the recent run.
Tesla’s bulls argue that Cybercab, FSD and energy storage can grow fast enough to make lost truck sales a footnote. Skeptics say refunding deposits on a product with strong orders gives up near-term revenue before robotaxi income arrives. For Rivian, the R2 ramp and its December 9 Autonomy and AI Day are the next markers, though the company still reports losses. A conservative investment approach may be warranted until the Lucid cash-burn question resolves.
Learn 7 Ways To Generate Income With A $1,000,000+ Portfolio
If you’ve saved over $1,000,000, this guide is for you. The last thing you want in retirement is to run out of money, you want your money to generate lasting income while you enjoy your life.
Now you can learn the strategies wealthy retirees use to fund their retirement with The Definitive Guide to Retirement Income from Fisher Investments. Download the guide today! (sponsor)
Berkshire Hathaway (NYSE:BRKA)(NYSE:BRKB) has never spent this much on its own stock in one quarter. The company spent about $9.6 billion on repurchases in the third quarter of 2026. This inches past the nearly $9.3 billion it spent in the third quarter of 2020. At Berkshire, a buyback also says something about price. The company
An aerial view shows a Google data centre construction site in Muhos, northern Finland September 11, 2026. (Ville Honkonen/STT/Lehtikuva/via REUTERS) By Lewis Krauskopf | REUTERS US midterm elections, a heavy slate of corporate earnings and the monthly jobs report will further test stock investors next week, after a series of setbacks for the market-leading AI
Shares of The Trade Desk (NASDAQ:TTD) charged sharply higher on Monday, surging as much as 16.6%. As of 11:38 a.m. ET, the stock was still up 15.2%. Missed AI’s “Act 1”? Act 2 Could Be 16x Bigger. Most investors think they missed the AI boat because they didn’t buy Nvidia in 2005. But according to
Half off sounds like a deal. On Wall Street, it can be the start of a much bigger sale. Right now, Intel (INTC), Arm (ARM), Sandisk (SNDK), and CoreWeave (CRWV) are among the AI darlings trading at less than half their 2026 highs, and chip stocks just lost nearly 30% in five weeks. Stocks are
Market Closed – 11:20:00 2026-11-09 am EST 5-day change 1st Jan Change 83.00 DKK -0.12% -12.72% -33.60% Published on 11/09/2026 at 10:00 am EST Publicnow English Published: 2026-11-09 15:53:00 CET Matas A/S – Changes in company’s own shares Matas share buy-back programme: Reporting of transactions in week 45 Company announcement no. 34 2026/27Allerød, 9 November
Quick Read Nvidia (NVDA) tumbled about 6% after its board opened an independent investigation into CEO Jensen Huang, who remains in his role and supports the review. AMD and Broadcom jumped more than 6% as selling stayed concentrated in Nvidia, with AMD climbing 7% to $482. Jim Cramer wanted a $500 billion buyback modeled on
– Michael M. Santiago/Getty Images Nvidia’s shares are sliding after the company’s board launched an investigation into reports that Chief Executive Jensen Huang had been a spying target after a romantic relationship with an executive suspected of working for Chinese intelligence. The chip giant is on track to lose hundreds of billions of dollars in
Robin Marchant/Getty Images/SNEHIT PHOTO/Shutterstock Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. Jim Cramer is ‘furious’ as Intel crashes nearly 30% — but Uncle Sam is the top shareholder. What it means for taxpayers Jim Cramer had high hopes Intel’s stock (NASDAQ:INTC) would soar to a new
This article was written by Follow I have been involved in the financial world for over 25 years with experience as an advisor, teacher, and writer. I am a full believer in the free-market system and the idea that financial markets are efficient with most stocks reflecting their real current value. The best opportunities for
Wall Street has priced plenty of CEO scandals. It has never priced one at a company worth $4.5 trillion that makes up nearly 7% of the S&P 500 (^GSPC). Nvidia (NVDA) CEO Jensen Huang admitted in a Nov. 8 memo to employees to an affair with Alice Huang, whom US intelligence officials believe worked for
Is a market crash imminent? No one knows for sure, but on the day that I’m writing this, the S&P 500 has pulled back by more than 4% — a big move. Will that continue? We can’t know. A pullback of some sort, potentially triggering a recession for a while, is likely at some point,
Talk about a delayed reaction. On Wednesday, stock market pundits’ read on the Democratic sweep of Congress was that “gridlock is good.” That included the presumed difficulty of getting legislation passed at the federal level, with commentary noting that any limitations would come at the state level. Then on Thursday, it seems investors noticed what
Ark Invest CEO Cathie Wood is shrugging off this week’s market jitters, telling CNBC on Friday that concerns among investors actually reinforce her optimism that further gains lie ahead. U.S. equities sold off sharply on Thursday, reversing the initial rally seen in the wake of the midterm elections. AI-related stocks led the rout, sending the
Artificial intelligence (AI) stocks were rising again as investors take in the results of the election, sending the S&P 500 higher. But that good news didn’t extend across the board. Coffee shop chain Dutch Bros (NYSE: BROS) released its third-quarter earnings on Wednesday, and its stock plummeted. It’s now a crushing 58% off its high.
AMD (AMD +11.04%) and Nvidia (NVDA +2.77%) are two of the largest competitors in the AI processor industry. The third primary one is Broadcom (AVGO +0.74%), but its niche in that segment differs from theirs. Nvidia and AMD compete in the same field, designing powerful general-purpose chips while Broadcom designs highly specialized computing units for
This past week’s stock market meltdown could hardly have come at a more critical moment for Anthropic (ANTH.PVT). The sell-off cast a shadow over the frontier artificial intelligence developer’s expected pre-Thanksgiving public debut, raising questions about its potential valuation and ability to sustain the next phase of AI growth. “The only thing that matters the
It’s been a roller-coaster of a week for the stock market. The Nasdaq Composite (^IXIC +1.09%) officially entered correction territory after falling by more than 10% from its October peak, while the S&P 500 (^GSPC +0.31%) and Dow Jones Industrial Average (^DJI -0.46%) are down by around 6% and 5%, respectively. Investors are also grappling
Quick Read Futures put the odds of a quarter-point Fed increase on December 9 at about 78% after October’s 165,000 jobs, with inflation at 3.6% and the S&P 500 5.6% below its October 6 high. Since 2000 the Fed has raised rates 14 times with the index 5% or more below its high; a year
Love him or hate him, President Donald Trump’s time in the White House has historically correlated with strong stock market returns. In fact, the benchmark S&P 500 (SNPINDEX: ^GSPC) is up by over 39% since his inauguration in late 2024, showcasing widespread optimism among many on Wall Street. So far, excitement about his pro-business policies
