Cybertruck Launch Could Triple Tesla Stock By 2030, Says Fund Manager: 'Expect It To Ignite Interest In Entire Franchise'
Portfolio Pulse from Shanthi Rexaline
Future Fund co-founder and Managing Director Gary Black predicts that the launch of Tesla's Cybertruck could significantly boost the company's stock by 2030. He expects Tesla's deliveries to increase from 1.85 million in 2023 to 10.2 million by 2030, and earnings per share to rise from $3.60 in 2023 to $24 by 2030. Based on a 30 times price/earnings multiple, Black estimates that Tesla's stock could rise from around $233 currently to $720 by 2030.
August 23, 2023 | 11:33 am
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The launch of Tesla's Cybertruck is expected to significantly boost the company's stock by 2030, according to Future Fund co-founder and Managing Director Gary Black. He predicts a rise in Tesla's deliveries and earnings per share, which could see the stock price increase from around $233 currently to $720 by 2030.
The launch of the Cybertruck is expected to ignite interest in Tesla's entire franchise, leading to a significant increase in deliveries and earnings per share. This, in turn, is predicted to boost the company's stock price. However, this is a long-term prediction and may be influenced by various factors over time.
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