- Consumer Edge analyst James Albertine forecasts Tesla (TSLA +2%) will generate $2.0B to $3.5B in annual revenue from its truck business depending upon volume and final pricing.
- The outlook is based on Tesla capturing 5% of what is expected to be a smaller Class 8 market in a few years.
- In previous reports, Albertine has pointed out that Tesla’s competitive edge is in battery manufacturing and autonomous software.
- Consumer Edge has an Overweight rating and $385 price target on Tesla.