Monday, September 11, 2023

Tesla Announces Cyber Spoon In Conjunction With McDonald's Promotion, Stock Jumps (TSLA; MCD)

I'm not completely certain of the causality but Tesla's up $15.36 (+6.18%) for some reason or another.

From Inside EVs, September 10:

Tesla And McDonald's Partner To Launch A Limited Edition Spoon
The most notable EV manufacturer and the king of fast food embark on a new joint venture to deliver the ultimate eating utensil. 

Tesla has a knack for offering odd accessories. In 2018, Tesla launched a $1,500 surfboard with a limited production run of 200 units. The Texas-based automaker also released a $100 Giga Texas belt buckle and a $70 branding iron. These aren't items you'd likely see on a Ford or Volkswagen website. That said, Audi offers scented Italian geckos for $9.11, so maybe Tesla isn't so peculiar after all. 

Nevertheless, Tesla's peculiarities have been strengthened with a recent product launch. Tesla (the car company) and McDonald's (the fast food company) have been working together to launch an entirely new eating utensil designed specifically for McFlurries. Instead of a typical oval-shaped spoon, the new eating utensil is designed to resemble a Tesla Cybertruck.

The creation is called the Cyber Spoon. While it might look like something you'd find within the depths of Alibaba, this is a legitimate McDonald's and Tesla product. The spoon will run about $4.09, though it is only available in China....

....MUCH MORE

Just kidding about the impetus for the stock jump, Morgan Stanley on Tesla coming right up.