The Cybertruck by Tesla Inc. is one of the most anticipated vehicle launches of all time and is set to happen in 2023. Investors who saw the potential of a hot product to hit the market in the future have been rewarded greatly. Since its unveiling by CEO Elon Musk in 2019, the electric vehicle leader’s first truck design, inspired by “Blade Runner” and a movie vehicle in “The Spy Who Loved Me,” has seen a ton of attention thanks to its design. The truck is expected to launch for production in 2023 and may directly compete with behemoth companies in the pick-up truck market such as Ford Motor Co, General Motors Co, and Stellantis NV, which together have plenty of truck models that are extremely popular.
With the reputation of Tesla’s innovative and advance technology, the electric pickup truck has the potential to be a huge success, which has already impacted Tesla shares. Investors and analysts see the Cybertruck as a big catalyst, which could mean more upside for Tesla shares.
A $1,000 investment in Tesla stock could have purchased 2.94 shares of TSLA at the opening print on November 22, 2019, the day after the Cybertruck was unveiled. After a series of stock splits in 2020 and 2022, which served to increase the number of Tesla shares, investors would have 44.1 total Tesla shares. The $1,000 investment would be worth $8,425.75 today based on a price of $191.06 for Tesla at the time of writing. This reflects a gain of 742.6% since November 2019.
If you were to invest $1,000 alternatively in the SPDR S&P 500 ETF Trust (SPY), which tracks the top 500 U.S. stocks, you would have a worth of $1,341.20 today, reflecting a return of 34.1%.
Investors who were impressed with the design of the Cybertruck and the potential of an electric pickup truck in the lineup of Tesla vehicles have greatly benefited from the investment in Tesla shares.
Photo: Courtesy Tesla