Today in an interview with CNBC Television Youtube Channel Jim Cramer says Tesla won’t sell 50,000 Cybertrucks.
Jim Cramer criticized the Tesla Cybertruck earlier this year, describing it as the “ugliest vehicle” and likening it to something Fred Flintstone might have built.
Cramer later made a comparison between the Cybertruck and the vehicle from “Back to the Future” on CNBC’s “Squawk On The Street.”
Elon Musk recently revealed on “The Joe Rogan Experience” that Tesla’s production target for the Cybertruck has been lowered to 200,000 units annually, down from the previous goal of 250,000, causing concern in the financial community.
Cramer and others saw this production target reduction as potentially disappointing to Wall Street, which had higher expectations.
Cramer expressed doubts about the Cybertruck’s market potential and considered it more of a collector’s item than a conventional car or truck.
He suggested that the Cybertruck represents a unique vehicle category, akin to the DMC DeLorean from “Back to the Future,” which didn’t achieve significant sales success.
Despite his criticisms, Cramer remains cautiously optimistic about the Cybertruck’s potential and believes it’s challenging to make direct comparisons with existing vehicle types.