The launch of Tesla's Cybertruck is causing a storm of excitement on social media, with a staggering 1.9 million pre-orders. Gary Black from Future Fund reiterates his positive stance on the electrified pickup truck, calling it "big, bold, and gorgeous" during a CNBC interview.
Gary Black believes that the Cybertruck, priced below $50,000, will become a captivating "rolling billboard" for Tesla, driving even more orders for other models like the Model 3, Model Y, Model S, and more.
According to Black, the Cybertruck won't cannibalize existing products as it specifically targets pickup truck enthusiasts in their 40s and 50s, presenting an opportunity for Tesla to expand its customer base.
The Cybertruck's impressive specs, such as going from 0 to 60 mph in just 2.5 seconds and matching an F-150 pickup truck's towing capacity, add to its unique appeal. Its massive size and design make it stand out on the market.
With a range of 300 to 500 miles, depending on the trim, the Cybertruck's massive battery offers exceptional value for pickup truck owners, providing an attractive option for those seeking long-range capabilities.
Gary Black envisions the Cybertruck's success not only in the U.S. but also in Europe and Asia, creating a halo effect for Tesla's entire lineup and expanding the company's global presence.
Black compares the Cybertruck's launch impact to that of the Model Y, which significantly boosted volume growth and the stock price for Tesla. He believes the Cybertruck will have a similar positive effect on Tesla's overall performance.
The anticipation for the Cybertruck's release is growing, and many see it as a potential game-changer in the electric pickup truck market, offering a unique and powerful option for consumers.
Tesla's Cybertruck stands out not only due to its electric powertrain but also its bold and futuristic design, attracting the attention of pickup truck enthusiasts who seek both performance and aesthetics.