Monday’s stock market was like that one friend who’s always "just fine"—no highs, no lows, just a whole lot of nothing.

The S&P 500 barely moved, gaining a whopping 0.23 points. The Nasdaq did a slightly better impression of a win, nudging up 0.21%, mostly thanks to Nvidia, which decided to flex with a 4% gain. And the Dow? Well, it’s still living up to its “always a bridesmaid, never a bride” reputation, dropping 140 points like it was auditioning for last place.

But the real entertainment came from Trump Media & Technology Group, which decided to throw a tantrum right as Trump made his grand return to X (formerly known as Twitter) for a livestream interview with Elon Musk.

 

This caused shares of Truth Social's parent company to take a 7% dump. Rumble, the conservative video platform, wasn’t immune to the chaos either, slipping 4%.

Elon’s Cybertruck Promise Just Pulled the Ultimate Bait and Switch

Well, folks, it’s happened again. Just when you thought Elon Musk might finally deliver on one of his too-good-to-be-true promises, he pulls the rug out from under us. 

Remember that $39,900 Cybertruck Musk unveiled back in 2019? You know, the one that was supposed to revolutionize the pickup truck market and make the Ford F-150 quiver in its boots? Yeah, that dream just got a hefty reality check. As of now, the cheapest Cybertruck you can order is a wallet-shriveling $100,000.

When Musk first showed off the Cybertruck in 2019, it was like something straight out of a sci-fi movie—literally, since he said the design was inspired by Blade Runner. The starting price was set at a seemingly impossible $39,900, which had truck enthusiasts and Tesla fanboys alike drooling. Fast forward nearly five years, and that dream has morphed into a six-figure luxury toy that most of us can only gawk at from afar.

In a move that was about as subtle as a sledgehammer to the truck door, Tesla quietly hiked the price of the all-wheel-drive Cybertruck to just shy of $100,000, while the cheapest model, previously priced at $61,000, disappeared from the Tesla website in an instant. And speaking of stock prices, Tesla’s down over 20% in the last month after missing Q2 earnings by 43%.

Now, let’s talk about what’s really going on here. Tesla claims they’ve got about a million reservations for the Cybertruck, but the reality seems to be that fewer people are willing to cough up the big bucks for the actual truck. According to industry experts, Tesla’s move to halt orders for the cheaper model hints at some serious demand issues.

In fact, there’s anecdotal evidence that large numbers of unsold Cybertrucks are just sitting in storage yards, gathering dust. This isn’t exactly the roaring success story Musk had promised us. Instead, it’s starting to look like the Cybertruck might join the ranks of Tesla’s other overpromised, underdelivered projects—right next to the Roadster that still hasn’t launched and the much-touted Full Self-Driving feature that, let’s be honest, is still more fantasy than reality, although that’s a monster feat so I’ll give Elon some flak there.

(Source: Rolling Stone)

So, what does this mean for those of you still holding out hope for a more affordable Cybertruck? Well, don’t hold your breath. Tesla has hinted that cheaper versions could make a comeback in 2025, but with the company’s track record, you might want to have a backup plan. Maybe start looking at that Ford F-150 or Rivian R1T after all—they might not look like something Batman would drive, but at least you can actually buy one without selling a kidney.

And for those who’ve already shelled out your retirement for a Cybertruck, congrats—you now own one of the most expensive status symbols on the road. Just don’t expect any sympathy when your friends find out how much you paid for a truck that was supposed to cost less than half that.

In the meantime, Tesla’s stock continues to take a beating, down over 1% on the latest Cybertruck news, which isn’t really that bad considering normal volatility.

Stock.News has positions in Tesla and Ford.