Tesla Bull Gary Black Says Cybertruck Getting 'Insane' Consumer Interest: 'Forget About Customers Canceling Their Deposits…'
Portfolio Pulse from Anan Ashraf
Gary Black, a Tesla Inc (NASDAQ:TSLA) investor, is optimistic about the demand for the Cybertruck, dismissing concerns about reservation deposit cancellations. He predicts a 'halo' effect on Tesla's lineup from the Cybertruck, similar to the Model Y launch. Despite skepticism over pricing and market success, Black believes the Cybertruck will expand Tesla's market to the pickup segment and, along with the $25k Model 2, solidify Tesla's position in the EV market. Challenges remain in scaling production, with potential delays until 2025.
December 04, 2023 | 8:28 am
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POSITIVE IMPACT
Gary Black's positive outlook on the Cybertruck could bolster investor confidence in Tesla, potentially impacting the stock positively in the short term.
Gary Black's comments could influence market sentiment positively, as he is a known investor and his views may be considered credible by the market. His comparison of the Cybertruck's potential impact to the successful launch of the Model Y could lead investors to anticipate similar growth, which might drive up Tesla's stock price in the short term. However, the actual impact will depend on market perception and other concurrent market factors.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90