Tesla (TSLA) Cybertruck 'Looks Really Weird' - Analyst

Bernstein analyst Toni Sacconaghi just said what everyone has been thinking about Tesla's (NASDAQ: TSLA) new Cybertruck - it "looks weird... like, really weird."

"Musk had warned investors that Tesla's pickup would be "really futuristic, like cyberpunk Blade Runner," and he wasn't kidding," Sacconaghi commented. "Add a little bit of dirt, and you could even say it gives off a retro-future vibe a la Mad Max."

He said this is too bad because its on-paper specs "are insane… and the price is very competitive & much better than expected."

The analyst notes the Cybertuck boost a range of 250 –500+ miles; 0 – 60 time <3 seconds, faster than a 911; 14,000 lb towing; an undentable body; and adaptive air suspension. The Cybertruck comes in 3 trims: $40k; $50K and $70K.

That said, the analyst said "looks do matter" and they think Cybertruck is likely to be a niche offering – with sales of perhaps 50K units a year or less.

The analyst reiterated a Market Perform rating and $325.00 price target on TSLA.

For an analyst ratings summary and ratings history on Tesla click here. For more ratings news on Tesla click here.

Shares of Tesla closed at $340.42 yesterday.

You May Also Be Interested In