Why the Cybertruck “far surpasses” other utes, and will maintain its value

The Driven

The Tesla Cybertruck beats other utility trucks such as the Ford F-150 on value and will maintain its value far beyond competitors, analysis by investment advisory firm Ark Invest suggests.

The Cybertruck, unveiled in late November by Tesla CEO and co-founder Elon Musk, breaks all the rules of traditional utility truck design (known as utes in Australia and trucks in the US).

Views have been sharply divided about the cold-rolled, ultra-hard steel exoskeleton and the choice of a polygonal, “cyberpunk” look, and the short-sellers that have long targeted Tesla stock have fired up their ammunition again.

Even so, the Cybertruck has garnered more than 250,000 fully refundable pre-orders (at a cost of $US100, or $A150 in Australia) since it was unveiled last month.

Now, analysts at Ark Invest, including Tesla bull Cathie Wood, say that the Cybertruck “far surpasses” other utes and will hold more of its value than other vehicles.

Wood is unashamedly pro-Tesla – her bull case for Tesla stock is currently $US4,000, or $A5,870, for a five year outlook. That’s more than 10-times the current value of the stock, which she holds in her own portfolio.

To read the full story on RenewEconomy’s electric vehicle dedicated site, The Driven, click here…