Article Image

IPFS News Link • Transportation

Cybertruck To Price Between $50,000 To $80,000, Wedbush Says Ahead Of Thursday's Launch

• Zero Hedge

Following an unforgettable reveal event, then years of anticipation and a prolonged wait, Tesla is at last poised to unveil the long-awaited Cybertruck at an event scheduled for this Thursday, November 30th.

Ahead of the event, Wedbush published a note on Tuesday morning maintaining its positive outlook on Tesla and its "outperform" rating and $310 price target.

In the note, analyst Dan Ives says that: "This is another historical moment for Tesla and Musk with the Cybertruck unveil as the Street is excited to see the formal vehicle launch featuring the dual-motor trim and its top-level tri-motor AWD performance model along with updates regarding production and scaling of the Cybertruck platform which is expected to be ~250k units per year by FY25."