Enthusiasts cheer on the creation of a full-sized SUV similar to the Cybertruck, envisioned at Tesla's design studio, potentially inflating TSLA's market capitalization by a staggering $300 billion.

Tesla Unveils Design for Cyber SUV: A Spacious Solution for Large Families and SUV Market Dominance

In a recent development, Tesla has shared a design for a new vehicle based on the Cybertruck platform, sparking excitement among fans and raising questions about the company's strategy. The video, posted on Tesla's official X account, features a three-row full-sized SUV or a CyberVan, which seems to be what Tesla enthusiasts have been longing for.

The design, reminiscent of the Cybertruck, features the same front end and stainless steel exterior. However, instead of a bed, the vehicle has glass extending backward. The footage, possibly shot at Tesla's design studio in Hawthorne, California, or at the Palo Alto engineering office, also includes the Robotaxi, another upcoming Tesla vehicle.

The announcement comes as Tesla recorded lower-than-expected demand for the Cybertruck. Elon Musk previously mentioned that the Cybertruck production line could produce 250,000 trucks annually, but current demand is only about 20,000 units. This leaves excess installed production, and introducing a Cybertruck-based SUV might help Tesla better utilize its Cybertruck manufacturing line.

The potential impact of the Cybertruck's low demand on the decision to develop a Cybertruck-based SUV is a significant concern. A key question remains: if demand for the Cybertruck isn't strong enough, is it worthwhile for Tesla to develop and produce another vehicle on the same chassis?

Owners with large families and those seeking a more spacious option have been urging Tesla to create a bigger vehicle. The Model X, despite selling in 6-seater and 7-seater configurations, is not considered a true full-sized SUV by many. The Cyber SUV, if launched, is strategically aimed at dominating the $1T+ SUV market.

Tesla may be testing public interest for a Cyber SUV without making an official statement or confirming production plans. The company shared two scaled-down mockups of the Cybertruck-based vehicle in the video, hinting at a potential future product.

The unveiling of the Cyber SUV design has been met with enthusiasm from Tesla fans, who have expressed excitement about the possibility of a full-sized SUV built on the Cybertruck chassis. As Tesla continues to innovate and push the boundaries of electric vehicle design, the Cyber SUV could be a game-changer in the competitive SUV market.

Enthusiasts cheer on the creation of a full-sized SUV similar to the Cybertruck, envisioned at Tesla's design studio, potentially inflating TSLA's market capitalization by a staggering $300 billion.