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‘Looks weird… like, really weird’: Wall Street isn’t sold on Tesla’s new Cybertruck design. Here’s what 7 analysts think about the electric pickup.

‘Looks weird… like, really weird’: Wall Street isn’t sold on Tesla’s new Cybertruck design. Here’s what 7 analysts think about the electric pickup. 100
FREDERIC J. BROWN/AFP via Getty Images
  • Tesla unveiled its Cybertruck on Thursday in a live event where its design leader accidentally broke two of the car’s windows.
  • Many Wall Street analysts think the truck’s strange design could harm the car’s performance.
  • Credit Suisse said Tesla’s rivals Ford and General Motors could “breathe a sigh of relief.”
  • Others said it would be a niche offering, similar to the Hummer.
  • Here’s what seven analysts said about the Tesla Cybertruck.
  • Watch Tesla trade live on Markets Insider.

Wall Street analysts aren’t buying the futuristic design of Tesla’s new electric pickup truck, called the Cybertruck, announced in a live event on Thursday.

“Tesla’s Cybertruck looks weird… like, really weird,” Toni Sacconaghi of Bernstein wrote in a Friday note. “Add a little bit of dirt, and you could even say it gives off a retro-future vibe a la Mad Max.”

The strange design, inspired in part by the movie “Blade Runner,” is likely to affect how people view the truck and if they ultimately decide to buy, analysts said.

“We do not see this vehicle in its current form being a success,” Jeffrey Osborne of Cowen wrote in a note on Friday, adding that he doesn’t see the Tesla brand or the Cybertruck design “resonating with existing pickup truck owners.”

That means that General Motors and Ford, Tesla’s main competitors in the pickup market, can “breathe a sigh of relief,” wrote Dan Levy of Credit Suisse.

To make matters worse, the live unveiling of the Cybertruck didn’t exactly go as planned. Tesla’s lead designer, Franz von Holzhausen, accidentally broke the truck’s “armor glass” windows with a metal ball during a demonstration.

That “was not a good start,” Emmanuel Rosner of Deutsche Bank wrote in a Friday note. Tesla shares fell as much as 7% the day after the event.

Still, the Cybertruck’s design wasn’t unanimously disliked by Wall Street. The design “will be a hit with the company’s fanatic EV installed base globally as Musk & Co. are clearly thinking way out of the box on this model design,” Dan Ives of Wedbush wrote in a Friday note.

But Ives went on to say that those outside the base might disagree.

“Investors will question if this is a mass market pickup going after Ford and GM with ~3 million pickup trucks sold annually in the US, or a more niche ‘wow factor’ model that will be more limited,” he wrote.

Here’s what else Wall Street analysts had to say about the Cybertruck:

1. Cowen: “Blade Runner inspired design appears to be the most controversial feature.”

‘Looks weird… like, really weird’: Wall Street isn’t sold on Tesla’s new Cybertruck design. Here’s what 7 analysts think about the electric pickup. 101Tesla

Rating: Underperform

Price target: $190

“Tesla’s Cybertruck reveal will likely disappoint current pickup truck owners and we see the vehicle remaining a niche and not a mainstream product,” Jeffrey Osborne of Cowen wrote in a note Friday.

He continued: “The Blade Runner inspired design appears to be the most controversial feature. The base price of $39,900 is likely never to be seen, just as the $35k Model 3 has failed to materialize.

“CEO, Elon Musk has been enthusiastic about his Blade Runner inspired design for months, but we were still surprised how futuristic he went with this one and believe it may shatter his dreams.”

2. Wedbush: The design “looks more like a stealth bomber than a pickup truck.”

‘Looks weird… like, really weird’: Wall Street isn’t sold on Tesla’s new Cybertruck design. Here’s what 7 analysts think about the electric pickup. 102AP Photo/Ringo H.W. Chiu

Rating: Neutral

Price target: $270

The design “looks more like a stealth bomber than a pickup truck in our opinion,” Dan Ives of Wedbush wrote in a Friday note.

He continued: “From a demand perspective this will be a more niche market, as we believe hitting the 150k/175k unit threshold in its first full year of deliveries (likely 2022) is the line in the sand out of the gates and could be a tough bogey to hit.

“For comparison, the leader in the market Ford sells roughly 1 million F-150 pickups per year. In a nutshell, we believe this next generation Cybertruck model could help Tesla expand its market opportunity outside its core customer base over time, although gaining market share with stalwarts such as Ford and GM entrenched in this landscape will be a difficult task for Fremont.”

3. Deutsche Bank: “There are important unanswered questions.”

‘Looks weird… like, really weird’: Wall Street isn’t sold on Tesla’s new Cybertruck design. Here’s what 7 analysts think about the electric pickup. 103Reuters

Rating: Hold

Price target: $290

“We believe there are important unanswered questions to be able to assess potential buyer interest in the model, and whether this could attract commercial fleets or remain a consumer niche vehicle,” Emmanuel Rosner of Deutsche Bank wrote in a Friday note.

He continued: “First of all, is the exterior design too polarizing? Second, what are the real battery ranges under working conditions, with a payload or while towing? A greatly reduced range would require commercial customers to opt for the higher trims, which could be significantly more expensive than their equivalent traditional pickups.

“Third, will commercial buyers trust Tesla’s build quality? While the materials used appear robust, there could be questions about the truck’s durability when used under work conditions, especially in light of its seemingly unibody construction. And the shattering of the truck’s unbreakable glass windows during the live demonstration was not a good start.”

4. Canaccord Genuity: “Unique and futuristic design will resonate with consumers.”

‘Looks weird… like, really weird’: Wall Street isn’t sold on Tesla’s new Cybertruck design. Here’s what 7 analysts think about the electric pickup. 104Tesla

Rating: Buy

Price target: $375

“While styling will always be subjective, we believe the unique and futuristic design will resonate with consumers, leading to solid demand,” Jed Dorsheimer of Canaccord Genuity wrote in a Friday note.

He continued: “The starting price point of $39,900 for the 250-mile-range, single-motor RWD design option was also a strong point as this positions the Cybertruck competitively in the middle of the lucrative truck market, with production expected in ‘late 2021.’

“While the futuristic design may be polarizing, we are encouraged by the Cybertruck release and believe that along with the coming Model Y crossover SUV, Tesla will be able to address two key categories of the automotive market that it previously could not.”

5. Bernstein: “Cybertruck is likely to be a niche offering.”

‘Looks weird… like, really weird’: Wall Street isn’t sold on Tesla’s new Cybertruck design. Here’s what 7 analysts think about the electric pickup. 105Tesla

Rating: Market-perform

Price target: $325

The “really futuristic, like cyberpunk Blade Runner” design “is too bad, because its on-paper specs are insane,” Toni Sacconaghi of Bernstein wrote in a Friday note.

He continued: “As promised, the pickup’s specs are Tesla-like; a range of 250-500+ miles; 0-60 time

“But looks do matter, and we think Cybertruck is likely to be a niche offering – with sales of perhaps 50K units a year or less. We think the best potential comp for the Cybertruck is Hummer, which sold 30-80K units annually during its lifetime.”

6. Credit Suisse: “It’s somewhat unclear to us who the core buyer will be.”

‘Looks weird… like, really weird’: Wall Street isn’t sold on Tesla’s new Cybertruck design. Here’s what 7 analysts think about the electric pickup. 106Tesla

Rating: Underperform

Price target: $200

“The Tesla truck should be considered a lifestyle product – the Jeep Wrangler/Gladiator and F-series Raptor franchises come to mind as lifestyle off-road products, as well as other future off-road vehicles (i.e. Ford Bronco, Hummer electric pickup),” Dan Levy of Credit Suisse wrote in a Friday note.

He continued: “Yet amid the radical design for Cybertruck, it’s somewhat unclear to us who the core buyer will be.

“For all that Tesla tried to show edges in the Cybertruck vs. incumbent products, our first take is that Cybertruck is not a threat to incumbent large pickup share.”

7. Morgan Stanley: “More fitting for a work site in a Martian colony.”

‘Looks weird… like, really weird’: Wall Street isn’t sold on Tesla’s new Cybertruck design. Here’s what 7 analysts think about the electric pickup. 107Tesla

Rating: Equal weight

Price target: $250

“While some investors may see the design as more fitting for a work site in a Martian colony, true art and design lovers may appreciate that Tesla has tried to bring something totally different to the market here on Earth,” Adam Jonas of Morgan Stanley wrote in a Friday note.

He continued: “In this current iteration, we do not believe the Cybertruck poses a significant threat to the established pickup truck market.”

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Bizzare & Odd

Loud booms, glowing rings and asteroids: The Earth’s magnetic field began to periodically disappear

Loud booms, glowing rings and asteroids: The Earth's magnetic field began to periodically disappear 120

Recently, scientists have begun registering too many anomalies associated with the Earth’s magnetic field. It periodically weakens or disappears altogether, deforms and twists. Experts cannot yet say for sure what is happening to the planet.

American researcher James Kaufman published interesting results: for some reason, the density of the solar wind in the nighttime part of the planet is much higher. As soon as the sun rises, this density begins to decrease.

Loud booms, glowing rings and asteroids: The Earth's magnetic field began to periodically disappear 121

Previously, the solar plasma went in the direction of the orbit of Mars and other planets, but now it moves in the opposite direction from the globe.

It is impossible to find an explanation based on existing physical laws. Some have put forward the incredible hypothesis that the Sun has turned into a black hole and is now close to the Earth.

Loud booms, glowing rings and asteroids: The Earth's magnetic field began to periodically disappear 122

According to some researchers, this could lead to the fact that the radiation does not move from the Sun to other planets, but from Pluto to the Sun.

According to other experts, on the side of Mars there may be a massive body, the radiation of which is comparable to that of the sun. A second stream is created, which blows off the Earth’s plasma and carries it to the Sun. 

Loud booms, glowing rings and asteroids: The Earth's magnetic field began to periodically disappear 123

The presence of such a space object could explain the multiple increase in the number of meteorites, comets, asteroids falling to the Earth and flying past it – which can be a cloud of debris going in front of such a huge object. 

The closer this object approaches the Earth, the more falling meteorites will be, and as the object approaches, the size of the meteorites falling to the Earth will increase. Then, loud boom sound are getting more intense and sun-like objects appear out of nowhere:

As far as we know, neither the airlines nor even the Pentagon have such devices. Moreover, the thing was somehow very powerful, since its brightness is phenomenal – the light sources merged into one and illuminated the entire space around.

Strangesounds.org, have prepared an excellent overview of the so-called “booms in the sky” that have been roaring over the United States lately:

People hear a rumble, as if the fighter took the sound barrier directly overhead. But – no one sees any planes anywhere. Unfortunately, it is very rare to “photograph” the crash, but it so happened that one woman accidentally filmed how her door to the veranda began to shake from this “boom in the sky”:

What kind of object could it be and create all these anomalies? For example, a wandering planet, the same mysterious planet X (aka Nibiru in the ancient epic of the Sumerians)?.

https://twitter.com/sweetleaf_505/status/1349726640490774531
https://twitter.com/NibiruIsAHoaxxx/status/1348478207243153409

These are only assumptions, and it takes time to find out what is really happening with our planet.

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Bizzare & Odd

Tesla autopilot sensor recorded “ghost” in an empty cemetery

Tesla autopilot sensor recorded "ghost" in an empty cemetery 124

A Tesla electric car with an activated autopilot function recorded an invisible person who allegedly moved around the cemetery. Social network users jokingly noted in the comments that, most likely, this is some new function from Elon Musk, which allows you to see ghosts.

In the United States, a Tesla electric car with an activated autopilot function recorded an invisible person who allegedly moved through a cemetery.

The corresponding video was posted by Twitter user Ovidiu Maciuc.

The recording shows how a silhouette of a man appears on the monitor of an electric car, moving around the cemetery. After that, the driver raises the camera and starts filming the graveyard through the windshield, but there are no people there.

After some time, the “ghost” went in the opposite direction from Tesla and disappeared from the on-board computer screen.

Social network users jokingly noted in the comments that, most likely, this is some new function from Elon Musk, which allows you to see ghosts.

For many though, if you take into account the comments, the video seemed rather creepy. Some even tried to guess what the navigation system actually showed.

Some users thought the system could recognize ghosts. Others refuted this version and said that the reason for all this is an insufficiently accurate sensor, which was used for the equipment of the Tesla car.

Earlier it became known that Tesla electric cars in the near future may receive a new function with which they can talk with pedestrians. For this, American cars will be equipped with special external speakers. 

In addition, Tesla cars in the future will receive the option to change the horn and sound of movement at low speeds to warn pedestrians. According to Elon Musk, among the sounds of movement there will be the sound of the clatter of a horse’s hooves, and as a whistle – the bleating of a goat.

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Bizzare & Odd

Mysterious energy source melts Tel Aviv sidewalks, leading to the evacuation of several buildings in Israel

Mysterious energy source melts Tel Aviv sidewalks, leading to the evacuation of several buildings in Israel 125

About two weeks ago, Tel Aviv residents noticed that the concrete surface outside their homes was heating up and steam was coming out of the ground. Tests showed that steam that reached 60 ° C (140 ° F) was water based.

The witness explains: “I was afraid that there was a power line in the area and asked a worker to dig out the ground with a shovel. Steam suddenly came out. I imagined it was probably a geyser. It seemed to me that this was a geological incident – also because there were no problems with electricity in the building. “

Although the experts did not find any hazardous substances or any risk to the stability of buildings at the site, residents as well as kindergartens in the area were evacuated.

Officials described the heat source as “trapped energy” of unknown origin.

Work continues, steam is still rising and the ground is still hot. It is currently unclear what is causing the warming. Note the hole dug in the area. The area is still blocked.

Mysterious origins

City officials said they will “continue to monitor the temperature of the earth, which is expected to cool down for a long time, and will continue to investigate the causes of the unusual event.”

Israel Electric Corporation has not found a connection between heat and power in the area.

The Israel Geological Survey confirmed the rise in temperature after testing ground and water temperature levels, but said it has not yet found an explanation.

Despite their best efforts, municipal officials, the fire department, Israel Electric Corporation and the Ministry of the Environment have yet to find a source of heat.

Meanwhile, the Tel Aviv municipality has informed dozens of evacuees that they can return to their homes. However, residents are not going to return until they receive a detailed account of the source of the mysterious event.

“They evacuated us because they were concerned about our safety, and now they are urging us to return without any convincing explanation. How can you be sure that there is no more danger? “

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