Gary Black, Future Fund Managing Partner and Tesla Investor, Confident in 'Insane' Consumer Demand for Cybertruck

Benzinga

Gary Black, Future Fund Managing Partner and Tesla investor, dismissed skepticism from analysts, asserting that the consumer demand for the Cybertruck is "insane," and downplays deposit cancellations, emphasizing a greater number of customers are seeking expedited deliveries. Gary believes the Cybertruck will have a positive "halo effect" on Tesla's entire lineup, similar to the impact of the Model Y launch in 2020. He noted the Model Y led to a substantial increase in Tesla's volume growth and stock price surge.

Transcript

00:00 It's Benzinga and here's what's on the block.

00:02 Gary Black, who is a Future Fund Managing Partner and Tesla investor, dismissed skepticism

00:07 from analysts, asserting that the consumer demand for the Cybertruck is insane and also

00:11 downplays deposit cancellations while emphasizing a greater number of customers are seeking

00:16 expedited deliveries.

00:17 Gary believes that the Cybertruck will have a positive halo effect on Tesla's entire

00:21 lineup similar to the impact of the Model Y launch in 2020.

00:25 He noted the Model Y led to a substantial increase in Tesla's volume growth and stock

00:29 price surge as well.

00:31 Now despite initial concerns about the Cybertruck's high pricing and fears that it could be a

00:35 niche rather than a mass market, Gary Black contends that the volume ramp up and price

00:39 cuts will prove that these estimates are incorrect.

00:42 For all things money, visit Benzinga.com

00:44 [BLANK_AUDIO]

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