Analysts Don’t Expect Much of the Tesla Cybertruck
Written by Reananda Hidayat PermonoCompleted Master of Science - MS, Petroleum Geology from Curtin University, Perth, Australia.
After many delays and improvement details, the futuristic stainless-steel Tesla Cybertruck is supposed to perhaps begin production in 2024.
Adam Jonas, a Wall Street Analyst who has seen Cybertruck at Tesla’s Investor Day, thinks it will just be a cult car.
He has studied Telsa for years and is relatively optimistic about the company.
Jonas even rates Tesla’s stock as a “buy,” which means he thinks Tesla is going in the right direction.
However, according to Automotive News, he doesn’t think the truck is for the masses.
After visiting Tesla’s Texas factory, he wrote in a research note that Cybertruck would just be an enthusiast car with a volume of 50,000 units/year.
He added that there should be some manufacturing and design learnings to make it into the core of Tesla vehicles.
Jonas feels the truck carries more value in a cultural than economic sense.
Now, he works for Morgan Stanley, an investment bank that thinks a lot about Elon Musk’s Tesla.
Besides, opinions in those circles are highly respected.
After all, Jonas is just a guy whose opinion may be inaccurate.
Maybe Cybertruck will release and smash everything, and you can find them during parent-teacher conferences.