Tesla, Inc. (NASDAQ: TSLA)’s Cybertruck discounts are bad news for the stock price. The company announced a series of discounts in early January that suggest tepid demand in what should be a growth driver.

Tesla (NASDAQ: TSLA) has been on an absolute tear, with shares nearly doubling over the past few months. Investors expect big things from the electric vehicle (EV) company over the coming years. It has continually innovated, pushing into new markets like autonomous vehicles and humanoid robotics.

Tesla Inc.’s stock rose 2% early Tuesday, boosted by expectations that Chief Executive Elon Musk’s close relationship with the new administration will help the electric-vehicle maker, and further buoyed by a bullish note from Piper Sandler.

Tesla (NASDAQ:TSLA) may see its core EV business facing some challenges, but its lofty valuation reflects confidence in future game-changers like