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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

Benzinga ·  Nov 30, 2024 15:09

The Future Fundmanaging partnerGary Blackthinks thatTesla Inc.(NASDAQ:TSLA) will not roll out the Cybercab earlier than its scheduled release in 2026.

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 whereElon Musktied the topic of a cheaper Tesla EV to a forecast of 20-30% YoY volume growth for 2025.

He...

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