Tesla, Inc. TSLA Cybertruck updates, especially from influencers and the company’s fanbase, have been coming in thick and fast. Future Fund Managing Partner Gary Black is an analyst who is upbeat about the prospects for the electric pickup truck.
What Happened: Cybertruck deliveries are likely to “far exceed” Wall Street estimates, said Black in a tweet. He noted that the current consensus delivery estimates for 2024 and 2025 are 91,000 units and 160,000 units, respectively.
Following the ramp-up, Tesla is planning for annual production of 375,000 units, the analyst said. The consensus estimates are at least 200,000 per year short, he added.
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