Could Tesla's Cybertruck Cost Less Than Ford's F-150 Lightning? Elon Musk's Tweet May Offer A Hint
Portfolio Pulse from Chris Katje
Tesla's Cybertruck, which recently rolled off the production line, is expected to be priced competitively against Ford's F-150 Lightning and Rivian's electric pickup. Ford recently announced a price reduction for its F-150 Lightning, seen as a move to stay ahead of Tesla's imminent pricing announcement. Analysts predict the basic model of the Cybertruck could start under $50,000, based on Elon Musk's comments about the Ford Lightning being 'somewhat expensive'. Tesla is expected to provide updates on Cybertruck production, pricing, and deliveries during its upcoming earnings call.
July 19, 2023 | 5:23 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Ford's recent price reduction for the F-150 Lightning is seen as a move to stay competitive against Tesla's Cybertruck.
Ford's price reduction could help it maintain its competitiveness in the electric pickup market, but it's unclear how this will impact its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Rivian's electric pickup is also in competition with Tesla's Cybertruck and Ford's F-150 Lightning.
Rivian is also a competitor in the electric pickup market, but the news doesn't provide enough information to predict its stock price impact.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
Tesla's Cybertruck pricing could be competitive, potentially boosting its market share in the electric pickup segment.
If Tesla prices the Cybertruck competitively, it could attract more customers and increase its market share, potentially boosting its stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100