Elon Musk simply confirmed off a brand new video of the $100K Tesla cybertruck beating a Porsche 911 in a drag race — whereas towing one other Porsche 911. Is TSLA on the straight path to $500 by 2025?
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Within the realm of pickup vehicles, hauling capability and sturdiness have historically taken heart stage. Tesla (TSLA), nonetheless, appears to be redefining expectations with their newest marvel, the Cybertruck, by placing excessive efficiency on the high of the checklist of promoting factors.
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In a latest YouTube video, the Cybertruck is seen in a head-to-head drag race with a Porsche 911, one of the iconic sports activities vehicles ever produced.
Because the race commences, the Cybertruck surges forward, finally clinching victory towards its esteemed competitor. However the actual twist unfolds because the automobiles cross the end line: the Cybertruck’s triumphant efficiency was achieved whereas concurrently towing one other Porsche 911, including an astonishing layer to the feat.
The video, which Tesla CEO Elon Musk posted on X (previously Twitter), has acquired greater than 1.5 million views since its launch.
To be honest, the Porsche 911 within the race seems to not be among the many quickest variants within the mannequin’s lineup. Automotive information web sites suggest that, primarily based on the wheels and mirror caps proven within the video, it’s doubtless a 379-horsepower Carrera T or a base Carrera. Actually, on condition that the dropping car is a 992 era 911 with out facet intakes, it may possibly’t be a 911 Turbo or Turbo S — fashions recognized for his or her straight-line acceleration.
However, the video is charming. After the race concludes, captions present the Cybertruck’s exceptional efficiency metrics: zero to 60 miles per hour in a mere 2.6 seconds, and a quarter-mile dash accomplished in underneath 11 seconds.
Tesla’s daring strides in car efficiency and know-how aren’t simply reshaping automotive developments, however they might additionally carry vital implications for traders.
Huge upside in TSLA?
Tesla shares have been risky — they plunged 65% in 2022 however have climbed by greater than 120% to date in 2023. Nevertheless, long-term traders — like billionaire Ron Baron — are nonetheless laughing all the best way to the financial institution.
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Baron’s agency, Baron Capital, has been investing in Tesla since 2014. Throughout a latest MarketWatch interview, Baron stated that his firm has made “about 20 instances our cash” from Tesla.
The newly launched Cybertruck could give traders a brand new purpose to take a look at Tesla inventory. However Baron believes there’s one other catalyst on the horizon: a extra reasonably priced electrical car.
“Wait till you see what’s going to occur when unexpectedly they begin promoting vehicles, as an alternative of for $40,000 a bit, for $25,000 a bit, which goes to occur in a couple of 12 months or 12 months and a half,” he stated in a CNBC interview final month.
Beforehand, Baron has said that he expects Tesla to hit $500 a share in 2025. Contemplating that shares at the moment commerce at simply shy of $250, the worth goal implies a possible upside of greater than 100%.
For the lengthy haul, Baron is much more bullish, saying he expects Tesla to attain a market cap of $4 trillion inside 10 years. Tesla at the moment has a market cap of round $770 billion.
For these questioning how the newly launched Cybertruck can increase the corporate’s financials, persistence is probably going key.
Throughout Tesla’s third-quarter earnings convention name, Musk stated, “There might be huge challenges in reaching quantity manufacturing with the Cybertruck, after which in making a Cybertruck cash-flow-positive.”
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This text gives data solely and shouldn’t be construed as recommendation. It’s supplied with out guarantee of any form.
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