Tesla Bull Gary Black Remains Optimistic On Cybertruck, Sees It Becoming A 'Key Catalyst' To 2025 Earnings
Portfolio Pulse from Anan Ashraf
Gary Black, Future Fund Managing Partner, remains optimistic about Tesla Inc's Cybertruck, predicting it to be a key earnings catalyst by 2025. Black estimates Tesla currently produces 400 Cybertrucks weekly, potentially increasing to 1,000 by Q4 2023, aiming for 30,000 deliveries this year. He projects a profit of $15,000 per Cybertruck in 2023, contributing $0.1/share to EPS, and anticipates 100,000 deliveries in 2025 at $20,000 profit each, adding $0.5/share to EPS. Despite these projections, Black's delivery estimates are lower than Musk's target of 250,000 Cybertrucks by 2025. Black maintains a $250 price target for Tesla, above its current price, and expects the Cybertruck to positively impact Tesla's entire lineup, similar to the Model Y launch.

March 21, 2024 | 12:08 pm
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POSITIVE IMPACT
Gary Black is optimistic about Tesla's Cybertruck impacting its earnings positively by 2025, with production scaling and significant profit projections. He maintains a $250 price target for Tesla, significantly higher than its current price.
Gary Black's positive outlook on the Cybertruck, including its potential to significantly contribute to Tesla's earnings and the maintained high price target, suggests a bullish sentiment that could positively influence Tesla's stock price in the short term. The comparison to the Model Y launch's impact on Tesla's stock and the anticipated 'halo' effect further support this positive outlook.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100