'Order Boost' Coming For All Tesla EVs In December, Says Analyst: What's Behind The Optimism?
Portfolio Pulse from Shanthi Rexaline
Gary Black, co-founder of Future Fund, predicts an order boost for all Tesla models in December, citing increased interest in the Cybertruck as people queue outside showrooms. Black believes the Cybertruck will have a 'halo effect' on Tesla's entire lineup, similar to the Model Y launch impact in 2021. Tesla's stock closed slightly up at $236.08.
November 28, 2023 | 9:22 am
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Tesla is expected to see an increase in orders for all models in December, according to Gary Black, due to the anticipated 'halo effect' of the Cybertruck. This optimism follows a period of languishing volume despite price cuts.
The anticipation of a 'halo effect' from the Cybertruck could lead to increased consumer interest and orders for Tesla's entire range of vehicles. This positive sentiment, especially if it mirrors the Model Y impact, could lead to a short-term uptick in Tesla's stock price. However, the actual impact will depend on the conversion of interest into sales and the broader market's reception of the Cybertruck.
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IMPORTANCE 80
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