Tesla's Cybertruck Set to Drive Profits Skyward After It Starts Shipping By Year-End, Says Noted Analyst Ming-Chi Kuo
Portfolio Pulse from Anan Ashraf
TF International Securities analyst Ming-Chi Kuo predicts that Tesla's Cybertruck will start shipping by the end of the year, with 100-200 units expected to be shipped by the end of 2023. The number is expected to increase to 100,000-120,000 in 2024 and 240,000-260,000 in 2025. Kuo believes the Cybertruck will significantly contribute to Tesla's revenue and profit growth for years to come, unaffected by seasonality or economic downturns. Tesla CEO Elon Musk confirmed earlier this year that the Cybertruck delivery event would be held this year.
October 10, 2023 | 3:27 am
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POSITIVE IMPACT
The anticipated shipping of Tesla's Cybertruck by year-end and its expected significant contribution to the company's revenue and profit growth could positively impact Tesla's stock.
The shipping of Tesla's Cybertruck, as predicted by analyst Ming-Chi Kuo, could lead to a significant increase in the company's revenue and profit. This, in turn, could positively impact Tesla's stock price. The analyst's predictions are often reliable, hence the high confidence score.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100