Tesla Needs To Consider A 'More Conventional-Looking' Pickup Truck Says Gary Black Amid Cybertruck Sales Slump
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Gary Black, managing director of Future Fund LLC, suggests that Tesla should consider developing a more conventional-looking pickup truck as Cybertruck sales decline, with FY'25 deliveries projected at only 20,000 units. He believes a cheaper pickup priced around $40-$50K could capture 2% of the global pickup market, potentially generating $800M in earnings. Currently, Tesla has over 10,000 unsold Cybertrucks in inventory, prompting a shift in marketing strategy. Black's firm has also sold its remaining Tesla stake, aligning with other analysts' sentiments.
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