Tesla: Wedbush positive following the presentation of the Cybertruck

(CercleFinance.com) – Wedbush Securities maintained its ‘outperform’ opinion and its price target of $310 on Friday the day after the official launch of the Cybertruck, its new pick-up.

According to the analyst, the prices offered by the electric vehicle manufacturer are in line with market forecasts, with a price of 79,000 dollars ($68,900 after tax credits and rebates) for the dual-motor model (‘All-Wheel Drive’), which will be available next year.

The entry-level model, the ‘Rear-Wheel Drive’, will be marketed at $61,000, or $49,900 after tax credits and rebates, with first deliveries planned for 2025, he adds.

Finally, the ‘Cyberbeast’ will be available at a price of 100,000 dollars – or 96,400 dollars after tax credits and discounts, for delivery next year, concludes the intermediary.

Wedbush notes that the Texas group has not revealed sales targets for its , but says it does not expect a significant financial impact on the financial results.

‘The launch of the Cybertruck is an important element for Tesla’s broader growth trajectory in the years to come,’ he underlines.

“It will also prove to the most skeptical that Musk can succeed in extending the halo effect around his offer while consumers will become more and more interested in electric vehicles,” concludes the professional.

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