Analyst Projects Competitive Pricing For Upcoming Tesla Cybertruck

Renowned analyst Dan Ives from Wedbush Securities has projected anticipated price ranges for Tesla’s upcoming Cybertruck.

Ives noted that industry “whisper numbers” for the single motor variant indicate a price hovering around $50,000. He further suggested that the dual and tri-motor variants could likely range between $60,000 to $80,000. These speculations arise amidst ongoing anticipation surrounding the pricing structure for these upcoming models.

Wedbush Securities, acclaimed for its automotive and technology industry insights, currently maintains an outperform rating on Tesla, expressing confidence in the company’s future performance. Moreover, the firm has set a price target of $310 for Tesla, reflecting its bullish outlook on the company’s trajectory.

These projections are in line with the initial pricing unveiled during the prototype showcase in November 2019, which introduced Tesla’s electric vehicles with varying ranges and price points:

  • Single Motor: $39,900 with a range of 250 miles.
  • Dual Motor: $49,900 with a range of 300 miles.
  • Tri Motor: $69,900 with an impressive 500-mile range.

However, considering the evolving market and expected technological advancements, Ives’ projected prices indicate potential adjustments from these initial figures, aligning with current market expectations and potential enhancements in the vehicles.

Furthermore, Tesla’s current trading value stands at $235, approximately 32% away from Ives’ projected price target of $310. This significant potential increase underscores the optimism surrounding Tesla’s growth potential, as assessed by Wedbush Securities.

In related news, Tesla’s highly anticipated Cybertruck delivery event is scheduled for this Thursday at 2 PM CST at Gigafactory Texas in Austin. The event is expected to unveil further details about the long-awaited electric pickup truck, adding to the excitement surrounding Tesla’s product lineup.

Our Thoughts

Industry enthusiasts and investors eagerly anticipate additional details and official announcements from Tesla as it approaches the launch of these anticipated models.

Given the tri-motor Cybertruck’s impressive specifications and capabilities, I believe that a price of $80k might undervalue it. A price closer to $100k would better align with its premium positioning and unique features.

It’s amazing how far Tesla has come! The company’s growth has been nothing short of phenomenal, and the future looks even brighter. With innovative products like the Cybertruck and Semi on the horizon, Tesla is poised to continue disrupting the automotive industry and beyond.

Credit: @elonmusk and @CyberNatural_BC

More Articles for You

Boasting Extreme Luxury Zeekr 009 MPV To Debut In Malaysia

A new competitor challenges the existing status quo in the world of luxury MPV mobility, where German emblems like Mercedes …

BYD Debuts New Sub-Brand Denza’s D9 In Malaysia

BYD Malaysia and Sime Darby Auto Imports recently penned a deal to introduce the Chinese firm’s luxury brand Denza to …

BYD Debuts New Electric M6 MPV In Malaysia From RM110K

In a long overdue move, Sime Darby Beyond Auto finally introduced the electric BYD M6, into Malaysia. Boasting a seven-seater …

New Jaecoo J7 Goes On Sale In Malaysia With 347hp

For the Jaecoo J7 PHEV (Plug-in Hybrid), Jaecoo Malaysia has started accepting registrations of interest following a quick preview at …

Details Few And Far Between At Tesla Cybercab Reveal

Last week, Elon Musk unveiled his latest idea—a 2-door self-driving taxi called the Cybercab. Hang on, a 2-door taxi? As …

Carlos Tavares To Vacate Stellantis’ CEO Position By 2026

Carlos Tavares, the CEO of Stellantis, has announced a significant management change aimed at trying to revitalise the automaker and …