Tesla Cybertruck is a vehicle alleged to be will probably start production in 2024, after many delays, though we’ll believe it when we see it. A Wall Street analyst actually saw it – at Tesla Investment Day — is Adam Jonas, who works at Morgan Stanley and has studied Tesla for many years. Jonas is also relatively bullish on the company: he rates Tesla stock as a “buy” and has a higher price target for Tesla stock, which means he thinks the company as a whole are going in the right direction. However, Jonas doesn’t think much of the Cybertruck either, saying in a note on Thursday that he thinks it will be a “vehicle for the enthusiast/cult” rather than for the masses. based on auto news.
“We regularly talk to customers who believe Tesla can sell hundreds of thousands of Cybertrucks a year,” said analyst Adam Jonas after visiting Tesla’s Texas factory where the pickup truck is located. will go into production by the end of this year.
“We think it will most likely be a much more limited run enthusiast/cult car,” nearly 50,000 units a year, Jonas wrote in a research note on Thursday. He added that it takes “some design and manufacturing lessons” from the Cybertruck to be able to make it into Tesla’s core vehicles.
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“The truck was real and we had a great time with it behind the Austin factory,” Jonas said. “But financially, it could look like a sideshow to today’s Tesla story.”
Jonas continued:
“We feel the Cybertruck has more value in terms of culture/ideology of the era than it is in terms of direct economics,” says Jonas. “We encourage our readers to ask themselves: How many Cybertrucks can attend a parent-teacher meeting or youth soccer game all at once before losing out on some of those indescribable things? “
Now, Jonas is an analyst working for an investment bank who thinks a lot about Tesla and has highly respected opinions in those groups, but in the end he is a different person. has an opinion on Tesla, this may or may not happen. turned out to be incorrect. Maybe Cybertruck will show up and smash everything or maybe nothing at all; Tesla as always, is a Rorschach test. What Cybertruck can now also be does not matter.
