Tesla Bull Gary Black Says Cybercab Won't See An Early Roll Out, Expects A Cheaper Compact Car Under $30K To Launch In First Half Of 2025

Quick Summary:

What Happened: Black said in a post on X on Friday that those who believe Tesla won't launch a more affordable compact model priced between $25,000 and $30,000 with four seats, a steering wheel, and pedals in the first half of 2025 are overlooking key details.

He referenced the EV giant's third-quarter earnings call transcript where Elon Musk tied the topic of a cheaper Tesla EV to a forecast of 20-30% YoY volume growth for 2025.

The Future Fund managing partner Gary Black thinks that Tesla Inc.(NASDAQ:TSLA) will not roll out the Cybercab earlier than its scheduled release in 2026.

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Author / Journalist: Ananya Gairola

Category: Technology

Markets: United States

Topics: Benzinga Analyst Color The Future Fund Electric vehicles LCID Stories That Matter Markets Dan Ives Mobility Expert Ideas KeyProj Benzinga neuro Gary Black Tech News TSLA EVs Wedbush US88160R1014 Elon Musk Top Stories

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Article Type: News Report

Published On: 2024-11-30 @ 07:09:17 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 505 words

Reading Time: 3 minutes read

Sentences: 24 lines

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Copyright Owner: © Benzinga

News ID: 23964317

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