According to Dan Ives, an analyst at US investment bank Wedbush, Tesla's release of Cybertruck on Thursday will remind investors of the dominant position of this electric vehicle manufacturer and help drive its market value back to $1 trillion.
In a newly released research report, Ives stated that the debut of this car would be an "important moment" for Musk's company, as he maintained his 12 month target stock price of $310.
According to calculations, if Tesla's stock price reaches this level, its market value will climb to $996 billion.
Ives wrote, "The launch of Cyber Trucks is crucial for Tesla's overall growth in the coming years and will also prove to skeptics that as more and more consumers choose electric vehicles, Musk can successfully expand Tesla's halo effect."
He added that although the new product is unlikely to "leverage the financial compass" for this electric vehicle manufacturer in 2024, it can showcase Tesla's "leading advantages in innovation and awareness" compared to traditional car manufacturers to investors.
After two years of delays and production obstacles, Tesla's first Cybertruck inspired by Blade Runner has finally been delivered to customers. On the early morning of December 1st Beijing time, the delivery event was held at its super factory in Texas, USA.
It is reported that the model is available in three versions, with a starting price of $60990, $79990, and $99990 for the rear wheel drive, all wheel drive, and Cyberbear versions, respectively. The three versions have a range of 400-547 kilometers. Tesla's official website shows that the price of the rear wheel drive version, after enjoying federal tax credits and other benefits, is as low as $49890.
It is reported that the beast version truck can accelerate from 0 to 100 kilometers in just 2.7 seconds; A single charge can travel up to 547 kilometers. The all wheel drive and Cyberbeast versions will be delivered in 2024, while the rear wheel drive version will be delivered in 2025.
After a dismal year in 2022, the stock price of this electric vehicle manufacturer has performed strongly this year, rising nearly 122%, mainly due to strong financial conditions, investor expectations of the Federal Reserve's quick interest rate cut, and investor pursuit of the so-called "Magnificent Seven".