Cybertruck Searches Exceed Model Y, Cathie Wood-Led Ark Invest Analyst Says, 'It's A Good Sign'
Portfolio Pulse from Anan Ashraf
An analyst from Ark Investment Management has noted that search demand for Tesla's Cybertruck has surpassed that of the Model Y and Ford's Lightning 150. Despite this, the Model Y continues to have the highest search demand on a 7-day average. The analyst believes this is a good sign for demand, especially considering the Cybertruck is not yet for sale. Ford recently announced a price cut for its F-150 Lightning, bringing it closer to the Cybertruck's estimated price. The first Cybertruck rolled off the production line at Giga Texas over the weekend.
July 19, 2023 | 3:49 am
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POSITIVE IMPACT
Increased search demand for Tesla's Cybertruck, which is not yet for sale, indicates strong potential demand. The recent production of the first Cybertruck could also boost investor confidence.
The high search demand for the Cybertruck, despite it not being for sale yet, suggests a strong market interest in the product. This could potentially translate into high sales once the product is launched, positively impacting Tesla's revenues and stock price. The production of the first Cybertruck also signals progress in Tesla's product development, which could boost investor confidence in the company's ability to deliver on its promises.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100