Cybertruck will likely fuel explosive growth.

The arrival of Tesla's eagerly awaited Cybertruck later this year is projected to transform the electric vehicle industry.

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Co-founder of Future Fund Gary Black emphasises the importance of the Cybertruck for Tesla's overall expansion.

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Black predicts that the Cybertruck will increase Tesla's total addressable market (TAM), comparing it to the Model Y debut.

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and draw new clients who might eventually buy other Tesla models.

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Black anticipates a significant boost in Tesla's TAM given that pickups make approximately 20% of the vehicle market.

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“Tesla shorts really don't get how important Cybertruck will be to growing the entire TSLA franchise in 2024,” Black said.

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He projects a staggering 53% increase in volume for Tesla in 2024, which is in contrast to the Street's volume prediction.

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In late 2022, the business did introduce its Tesla Semi vehicle, although that is intended for commercial clients.

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