The highly anticipated Cybertruck debut later this year by Tesla Inc (NASDAQ:TSLA) is supposed to be a game changer for the electric vehicle giant.

Twitter to emphasise the Cybertruck's importance to Tesla's overall growth.

In comparison to the Model Y debut, Black believes that the Cybertruck will boost Tesla's total addressable market (TAM) .

"Tesla shorts really don't get how important Cybertruck will be to growing the entire TSLA franchise in 2024," Black tweeted.

With pickups accounting for 20% of the vehicle market, Black expects Tesla's TAM to rise significantly.

"Even if they don't buy a Cytruck, they can go to the TSLA website or store and buy another TSLA model," Black added.

The Model 3 is the company's first big new product since the Model Y, and supporters consider it as a watershed moment.

The business did release its Tesla Semi truck in late-2022, but it is aimed towards commercial clients.