Cathie Wood's ARK Sees Tesla Cybertruck Being As Mainstream As Model Y: Low Expectations 'Based On Blind Spot'
Portfolio Pulse from Anan Ashraf
ARK Investment Management analyst Sam Korus is positive on the demand for Tesla's upcoming Cybertruck, stating it could be as mainstream as the Model Y. The Cybertruck has 1.5 million reservations and increasing popularity according to Google trends. Elon Musk confirmed that the Cybertruck delivery event would take place later this year, with expectations to sell 250,000-500,000 units annually once production is fully ramped up.
May 29, 2023 | 6:01 am
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ARK analyst Sam Korus is positive on Tesla's Cybertruck, stating it could be as mainstream as the Model Y, with 1.5 million reservations and increasing popularity. Elon Musk expects to sell 250,000-500,000 units annually once production is fully ramped up.
The positive outlook from ARK analyst Sam Korus on Tesla's Cybertruck, along with the high number of reservations and increasing popularity, suggests strong demand for the product. This could potentially lead to increased sales and revenue for Tesla, positively impacting its stock price in the short term.
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