Tesla is expected to release the Cybertruck’s trim levels and their respective price.
Wedbush analyst Daniel Ives reiterated his Outperform rating and $310 price target for Tesla.
Tweet on Tesla Shares Fluctuations
On the verge of @Tesla Cybertruck introduction, Wedbush analyst Daniel Ives reiterated his Outperform rating and $310 price target for Tesla#tesla #shares #cybertruckdeliveryevent https://t.co/UYrUs2404n
— The_Journalbiz (@the_journalbiz) November 29, 2023
Tesla on Cybertruck
“This is another historical moment for Tesla and Musk with the Cybertruck unveil as the Street is excited to see the formal vehicle launch featuring the dual-motor trim and its top-level tri-motor AWD performance model along with updates regarding production and scaling of the Cybertruck platform, which is expected to be ~250k units per year by FY25,” commented Ives.
“We believe updated pricing will come out at Thursday’s event on each of the trim levels as the company scales the Cybertruck production story to give more clarity to the Street.
Price numbers for the single motor are in the ~$50k range, with prices for the dual and tri-motor variants likely to be in the $60k – $80k range,” added the Wedbush analyst.