) Cybertruck has yet to be released, but many wondering how the model will fair in the current market given the demand for more affordable vehicles. David Undercoffler, Autolist Editor-in-Chief joins Yahoo Finance to discuss what lies in store for Tesla going into the next fiscal year and how the Cybertruck may fair in this pricing environment.
"I would be very surprised if the actual Cybertruck hit the road in the next year to 18 months and it a starting price of had anything lower than $60,000. That is an expensive proposition right out of the gate," says Undercoffler, remaining skeptical on the future performance of the vehicle with most consumers.
However, Undercoffler says the company's revised Model 3 is"bigger news" given that the refresh has potential to generate more interest and boost sales.to watch this full episode of Yahoo Finance Live.
I think the bigger news for Tesla is they do have they've already shown a revised model 3. There's a revised Model Y expected, potentially brings the price down with different battery technology. It's a facelift. It looks different. We haven't really seen these two vehicles get updated really since they were introduced. So I think that actually has more potential to generate interest and sort of boost sales again for Tesla.I mean, a mass market Cybertruck.