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Global Equities' Chowdhry Sees Two Versions of Tesla's (TSLA) CyberTruck, With a March Reveal

January 13, 2022 11:22 AM EST
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Global Equities Research analyst Trip Chowdhry expects Tesla (NASDAQ: TSLA) CyberTruck to have two versions and the company to hold a special virtual event in March 2022 on the highly-anticipated new vehicle.

Chowdhry expects one of the CyberTruck versions to be about 15-20% smaller and both versions to have "significant tweaks" to the original design.

The analyst notes Steel Dynamics (NASDAQ: STLD) is the sole supplier to both versions of CyberTruck Exoskeleton Steel. The companies plants in Texas are about 100 miles apart, which gives the companies logistics and working capital advantages.

Chowdhry does not expect the company to provide CyberTruck details on the earnings call, but wait until a special March event.

The analyst reiterated an Overweight rating and $1,500.00 price target on TSLA.

For an analyst ratings summary and ratings history on Tesla click here. For more ratings news on Tesla click here.

Shares of Tesla closed at $1106.22 yesterday.

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Tesla, Earnings, Trip Chowdhry