Tesla Cybertruck to see 100-120k deliveries in 2024: High Apple analyst Ming-Chi Kuo

TF Worldwide Securities analyst Ming-Chi Kuo, who has made a popularity for being one of the revered Apple analysts within the business, has shared some predictions for the upcoming Tesla Cybertruck. Kuo famous that the car can be a powerful contributor to Tesla’s numbers within the years to come back. 

Ming-Chi Kuo is taken into account certainly one of, if not the highest analyst overlaying tech large Apple. Having precisely predicted particulars such because the iPhone 4’s Retina show in 2011 and the primary iPad Mini in 2012, Kuo’s report speaks for itself. This is the reason it’s fairly attention-grabbing that Kuo shared a fast word outlining what he believes are some traits for the Tesla Cybertruck. 

Kuo famous that he’s anticipating Cybertruck shipments to start this 12 months, although solely about 100-200 would doubtless be delivered to customers earlier than the tip of 2022. The analyst expects a ramp to 100,000 to 120,000 Cybertrucks in 2024, and 240,000 to 260,000 Cybertrucks in 2025.

The highest Apple analyst additional famous that the Cybertruck’s progressive design would doubtless be a aggressive benefit till 2030. Kuo famous that there’ll doubtless be a successor to the Cybertruck, however such a car would most likely not be delivery till the tip of the last decade. Earlier than the Cybertruck 2 can be launched, Kuo expects Tesla to launch upgrades and refreshes to the all-electric pickup truck.  

The analyst additionally famous that he expects the Tesla Cybertruck to turn into a key contributor to Tesla’s funds. “It’s clear that the Cybertruck can be a big contributor to Tesla’s income and revenue development for years to come back, and this contribution is anticipated to stay unaffected by seasonality or financial downturns for the foreseeable future,” the analyst wrote. 

The Tesla Cybertruck is arguably the corporate’s most bold car thus far. Elon Musk has famous that the all-electric pickup truck would begin deliveries earlier than the tip of the 12 months. Contemplating that This autumn is now underway, expectations are excessive that the Cybertruck’s first supply occasion is probably going simply across the nook. 

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Tesla Cybertruck to see 100-120k deliveries in 2024: High Apple analyst Ming-Chi Kuo

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