Tesla Cybertruck Represents Niche Market and Fails to Threaten Ford or GM

Can Tesla create demand for their Cybertruck? Equity Research Analyst, Dan Ives appeared on CNBC’s Squawk Box to discuss how the Cybertruck impacts Tesla profitability. He believes the truck only represents a niche market and will have a difficult time gaining market share from Ford or GM. Moving forward he is cautious about the stock and wants to see increased demand in Europe and the US.