Cybertruck A 'Moonshot' For Tesla? Divisive New EV Represents 5% Of Revenue, Zero Profit In 2025 For Automaker: Analysts
Portfolio Pulse from Chris Katje
Tesla Inc (NASDAQ:TSLA) showcased the first deliveries of its Cybertruck, with analysts providing mixed reactions. Goldman Sachs maintains a Neutral rating with a $235 price target, Morgan Stanley an Overweight rating with a $380 target, and RBC Capital Markets an Outperform rating with a $301 target. Analysts predict Cybertruck will represent 5% of Tesla's revenue and negligible profit by 2025. Comparisons were made to Ford Motor Co (NYSE:F) and Rivian Automotive (NASDAQ:RIVN), with concerns about the Cybertruck's high price point and its impact on reservation conversion rates.
December 01, 2023 | 6:11 pm
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NEUTRAL IMPACT
Ford was mentioned as a competitor to Tesla's Cybertruck. Analysts compared the Cybertruck's pricing and specs to Ford's EV pickup trucks, which could influence investor perception of Ford's competitive position.
The mention of Ford as a competitor to the Cybertruck may have a neutral impact on Ford's stock as it reflects ongoing competition in the EV market without specific negative implications for Ford.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Rivian Automotive was referenced as a competitor in the EV pickup truck market. The Cybertruck's pricing and specs were compared to Rivian's vehicles, potentially affecting investor sentiment towards Rivian.
Rivian is mentioned as a competitor, which could have a neutral impact on RIVN's stock. The comparison to Tesla's Cybertruck highlights competition but does not directly suggest negative consequences for Rivian.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Tesla's Cybertruck event received a neutral to positive response from analysts, with predictions of a small revenue contribution and no profit by 2025. The high price may affect demand and reservation conversion rates.
The Cybertruck's high price point and limited expected contribution to revenue and profit suggest a neutral short-term impact on TSLA's stock price. Analyst ratings and targets vary, indicating uncertainty in the market's reaction.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100