Tesla's (TSLA) long-awaited Cybertruck debuted at higher-than-expected price ranges. However, Gerber Kawasaki Wealth & Investment Management President and CEO Ross Gerber, who is also a shareholder, argues the pricing isn't relevant given production constraints limiting scale, telling Yahoo Finance the Cybertruck will still "easily sell out" thanks to the advanced technological features. Gerber believes Cybertruck offers a window into Tesla’s next-generation vehicle vision, noting the company has not upgraded the current inventory of vehicles for a while. Gerber notes these trucks are a "enthusiast vehicle" and were not made for the "typical consumer." "I don't think it's hard to sell 250,000 of these a year if they can make them," Gerber tells Yahoo Finance, adding: "I think the challenge is going to be actually making them, not selling them." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
The long-awaited launch of the Cybertruck failed to boost Tesla stock after pricing for the electric vehicle came in much higher than initially promised.
The electric vehicle company's margin decline is concerning investors, but it's highly unlikely to be a long-term issue.