Tesla Unveils Budget Cybertruck Trim as Analyst Sees Sales Below 25K Units
Tesla unveiled a lower-cost Cybertruck trim, though analyst Gary Black forecasts sales capped at 25,000 units without significant demand shifts. Shares fell over 3% after U.S. EV sales plunged 30% year-over-year in January and the company disclosed $20 billion planned equipment spending, intensifying margin and cash-flow concerns.
1. Cybertruck Trim Launch
Tesla introduced a new affordable Cybertruck trim, lowering entry pricing compared to prior configurations. This variant is designed to boost volume, but investment manager Gary Black warns that without fresh demand drivers, sales are unlikely to exceed 25,000 units.
2. EV Demand and Financial Outlook
Tesla shares declined over 3% as U.S. EV sales fell 30% year-over-year in January, shrinking EV market share to 6%. The company plans to invest $20 billion in equipment this year—roughly double its usual capex—raising concerns over tightening margins and cash-flow amid intensifying competition and price cuts.