Top Wall Street Technical Analyst Thinks Tesla Cybertruck Is Cool Until The Day You Realize 'My God That Thing's Ugly' And Never Drive It Again
Portfolio Pulse from Anan Ashraf
Carter Braxton Worth, a Wall Street technical analyst, criticized Tesla's Cybertruck design on CNBC, suggesting its novelty may wear off due to its appearance. Other analysts and industry figures have also expressed divided opinions on the Cybertruck. Despite this, Tesla has an estimated 2.1 million reservations for the Cybertruck, which could translate to significant revenue. Tesla's stock has shown volatility without much progression over three years. The first Cybertruck deliveries are scheduled for November 30 at Tesla's Texas Gigafactory.
November 29, 2023 | 6:24 am
News sentiment analysis
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NEUTRAL IMPACT
Carter Braxton Worth's negative comments on the Cybertruck's design could influence investor sentiment, potentially impacting Tesla's stock price. However, the significant number of reservations indicates strong consumer interest, which may counteract any negative sentiment in the short term.
While the criticism from a notable analyst could create some negative buzz around Tesla, the high number of reservations and the upcoming delivery event are likely to maintain investor interest and could offset any short-term negative impact on the stock price.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80