Wedbush analysts maintained an Outperform rating and a $310.00 price target on Tesla (NASDAQ:TSLA), following the company’s announcement of a Cybertruck event scheduled for this Thursday, marking the vehicle’s first deliveries.

The analysts view this event as a significant milestone for both Tesla and its CEO, Elon Musk. They express excitement about the official launch of the Cybertruck, particularly highlighting the dual-motor trim and the high-performance tri-motor all-wheel drive (AWD) model. Additionally, the analysts anticipate updates regarding the production and scaling of the Cybertruck platform, which is expected to reach approximately 250,000 units per year by fiscal year 2025.

The analysts also expect Tesla to reveal updated pricing for each Cybertruck trim level at Thursday’s event, providing greater clarity to investors and the market. They anticipate that the pricing for the single motor model could be around the $50,000 range, with the dual and tri-motor variants likely priced between $60,000 and $80,000.

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