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Cybertruck demand is already booming

June 1, 2023

With Tesla surging over $200 yesterday (as we foreshadowed in last week’s Tesla post), I thought now would be a great time to alert you to another “Under the radar” datapoint that has us getting even more bullish on the company.

Our data has picked up a significant uptick in social media chatter around Tesla's highly anticipated Cybertruck. In fact, mentions have surged by a whopping 80% year over year.

But it's not just the volume of the conversation that's caught our attention - it's the tone. Over the past 90 days, we've seen a 6% increase in consumer happiness levels related to the Cybertruck, now standing at a robust 80% happiness.

It's clear that consumers are not just interested in the Cybertruck - they're genuinely excited about it.

Now, you might be wondering, "Is this buzz translating into action?"

Well, it seems Tesla is thinking the same thing.

We've noticed a significant increase in job openings related to the Cybertruck at Gigafactory Texas.

It's as if Tesla is gearing up to turn this consumer enthusiasm into tangible results.

And it's not just us noticing these trends. ARK Invest, a well-respected investment firm, projects that the demand for the Cybertruck could reach 1.3 million units per year.

That's a lot of Cybertrucks on the road in the near future!

I share all of this not to boast about our data (okay, maybe a little), but to illustrate the power of consumer sentiment in driving market trends.

The enthusiasm for the Cybertruck that we're seeing in our data is being echoed in Tesla's strategic moves and industry projections. It's a testament to the potential of the Cybertruck and, more broadly, Tesla's continued innovation in the EV space.

As always, I encourage you to keep an eye on these trends and consider how they might impact your investment decisions.

And remember, we're here to provide you with the data and insights you need to stay ahead of the curve.

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LikeFolio analyzes social media data to accurately predict shifts in consumer behavior. We sell data and insights to professional investors, corporate research teams, and software providers.

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