How To Watch Tesla's Cybertruck Delivery Event Today And What To Expect
Portfolio Pulse from Shanthi Rexaline
Tesla, Inc. (NASDAQ:TSLA) is set to unveil its Cybertruck on November 30, with deliveries starting the same day. The event, dubbed 'Cyber Thursday,' will be live-streamed from Giga Austin factory. Tesla CEO Elon Musk has high expectations for the launch, calling it the biggest product launch of the year. Analysts expect three trim levels with prices ranging from $49,900 to $79,900, all qualifying for the $7,500 EV tax credit in 2024. Production estimates for 2024 are 35,000 units, with a goal of 250,000 units annually by 2026. The Cybertruck is anticipated to have a marginal impact on Tesla's overall delivery numbers and growth.
November 30, 2023 | 12:14 pm
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Tesla's Cybertruck delivery event is expected to generate significant interest due to its unconventional design and the anticipation built up over four years. Analysts have provided estimates on trim levels, pricing, and production numbers, but suggest only a marginal impact on Tesla's overall growth.
The unveiling of the Cybertruck is a major event for Tesla and is likely to attract significant media attention and public interest, which could positively influence investor sentiment and the stock price in the short term. However, analysts like Gene Munster suggest that the Cybertruck will have only a marginal impact on Tesla's overall delivery numbers and growth, which tempers the potential impact on the stock. The anticipation of the event may have already been priced into the stock to some extent, but the actual reveal and the start of deliveries could still provide a positive catalyst.
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