As Tesla's First Cybertruck Rolls Out, Analyst Details How The EV Pickup Truck Could Be Priced Versus Rival Offerings From Ford, Rivian
Portfolio Pulse from Shanthi Rexaline
Tesla has announced the first Cybertruck has rolled off the Giga Texas production line. Analyst Gary Black predicts the Cybertruck will be priced just above the Model Y, with the three variants priced at $49,900, $59,900, and $79,900 respectively. This pricing will allow all trims of Cybertruck to qualify for the $7,500 electric vehicle tax credit under the Inflation Reduction Act of 2022. Black also expects the Cybertruck to compete well against Rivian's R1T electric pickup truck and Ford's F150 Lightning electric pickup truck.
July 16, 2023 | 6:14 pm
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NEGATIVE IMPACT
Ford's F150 Lightning electric pickup truck could face competition from Tesla's newly launched Cybertruck.
The launch of Tesla's Cybertruck, which is expected to be competitively priced, could pose a threat to Ford's F150 Lightning sales, potentially negatively impacting its stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
NEGATIVE IMPACT
Rivian's R1T electric pickup truck could face stiff competition from Tesla's newly launched Cybertruck.
The launch of Tesla's Cybertruck, which is expected to be competitively priced, could pose a threat to Rivian's R1T sales, potentially negatively impacting its stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
POSITIVE IMPACT
Tesla's Cybertruck has rolled off the production line and is expected to be competitively priced against rivals, potentially boosting sales.
The launch of the Cybertruck and its competitive pricing could potentially boost Tesla's sales and market share in the EV sector, positively impacting its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100