Veteran investors Gary Black, managing director of Future Fund LLC, and Ross Gerber, co-founder of Gerber Kawasaki, have expressed their concerns about Tesla Inc.’s Cybertruck sales. Both investors took to social media platform X to share their thoughts on the matter.
Gerber, who owns a Cybertruck, expressed his disappointment with the sales figures, suggesting that discontinuing the vehicle could increase its value, making it a collector’s item. He described the sales result as “a very sad result” for the Cybertruck.
Black offered his analysis of the poor sales, stating that the Cybertruck’s design is a major factor holding it back. He suggested that Tesla consider launching a smaller, more traditional-looking pickup truck priced around $50,000. Black highlighted that the global total addressable market (TAM) for pickup trucks is significant, representing 10% of the overall global passenger vehicles market, or 8 million units.
“If Tesla captured even a 1% share, that would be 80,000 trucks per year, generating approximately $800 million in profit annually,” Black said.
This discussion comes as Tesla’s Q2 deliveries, while exceeding market expectations, were largely driven by the sales of the Model 3 and Model Y, which accounted for over 373,000 of the 384,000 deliveries during Q2 2025. Despite an overall decline in sales, Tesla saw a rebound in June in markets like the UK, where sales increased by 12% year-over-year, and in China, where sales climbed 3.7% during the same period.
Tesla’s stock performance shows satisfactory momentum and scores well on growth and quality metrics, but offers poor value. For more insights, investors can sign up for Benzinga Edge Stock Rankings.
