Tesla Cybertruck Has Low Forecasts, But Mainstream Demand

From Torque News.

Discover why many forecasts for the demand of Tesla’s Cybertruck are considered too conservative in this eye-opening blog post by ARK’s Director of Research, Autonomous Technology & Robotics. ARK challenges the prevailing low expectations surrounding the Cybertruck, highlighting a significant blind spot. Unlike most automakers, Tesla does not rely on profits from gas-powered truck sales to support the development and sales of unprofitable electric vehicles (EVs). If the Cybertruck disrupts the profit center of traditional automakers, they could find themselves in jeopardy.

Reflecting on their early years, ARK points out that in 2014, the US Energy Information Administration (EIA) forecasted negligible market share for long-range electric vehicles by 2040. However, as of last year, EVs in the US had already surpassed a 5% market share. With the EIA consistently revising its projections upward, it now anticipates US EV market share to plateau around 14% by 2040. ARK’s research indicates that the global EV market share is expected to surge beyond 70% by 2027, with the US not lagging too far behind.

Join us as we delve into the factors that make the Cybertruck a potential game-changer, shifting the landscape of the automotive industry and paving the way for a future dominated by electric vehicles. Don’t miss out on this insightful analysis by ARK, a leading authority in disruptive technology and innovation.

#cybertruck #tesla #teslacybertruck

This is Armen Hareyan from Torque News. Please follow us at https://twitter.com/torquenewsauto on Twitter and https://www.torquenews.com/ for daily automotive news.

Reference
ARK Invest https://ark-invest.com/articles/analyst-research/what-will-demand-be-for-the-cybertruck/?utm_content=250439585&utm_medium=social&utm_source=twitter&hss_channel=tw-2398137084