Cybertruck, Tesla's 'Home Run?' Analyst Sees EV Pickup As 'Rolling Billboard' That Will 'Really Catapult' Stock
Portfolio Pulse from Shanthi Rexaline
Gary Black from Future Fund has reiterated his positive stance on Tesla's Cybertruck, stating that it will be a 'home run' for the company and will 'really catapult' the stock. He believes the Cybertruck, with 1.9 million pre-orders and priced below $50,000, will become a 'rolling billboard', driving more orders for other Tesla models. Black does not believe the Cybertruck will cannibalize existing products as it targets pickup truck enthusiasts in their 40s and 50s.
July 27, 2023 | 5:49 am
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POSITIVE IMPACT
The launch of Tesla's Cybertruck is expected to significantly boost the company's stock, according to analyst Gary Black. The vehicle, with 1.9 million pre-orders, is expected to drive more orders for other Tesla models.
The Cybertruck is expected to be a major success for Tesla, driving more orders for other models and boosting the company's stock. With 1.9 million pre-orders already, the vehicle is expected to be a 'rolling billboard' for Tesla, attracting more customers and increasing sales. This positive outlook is likely to have a positive impact on Tesla's stock in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100