Tesla investors brace for unveiling of Cybertruck on Thursday

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Tesla Inc.’s stock TSLA was up 0.4% premarket, as investors braced for the unveiling this week of its much-awaited Cybertruck, which should show doubters that Chief Executive Elon Musk can expand the company’s halo effect. That’s according to Wedbush analyst Dan Ives. “This is another historical moment for Tesla and Musk with the Cybertruck unveil as the Street is excited to see the formal vehicle launch featuring the dual-motor trim and its top-level tri-motor AWD performance model along with updates regarding production and scaling of the Cybertruck platform which is expected to be ~250k units per year by FY25,” Ives…

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