Tesla's 'Golden Goose' Quest: Analyst Assesses Potential To Achieve 30-50% Battery Cost Cuts
Portfolio Pulse from Shanthi Rexaline
Wedbush analyst Daniel Ives is impressed by Tesla's efforts to reduce battery costs by 30-50% and ramp up battery production at Giga Nevada. The company aims to produce 100 GWh capacity of in-house 4680 battery cells per year, which would be sufficient to power about 2 million EVs annually.
May 26, 2023 | 9:07 am
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POSITIVE IMPACT
Panasonic Holdings Corp. is expected to benefit from Tesla's increased battery production, as the company supplies cells for Tesla's EVs.
As Tesla ramps up battery production at Giga Nevada, Panasonic Holdings Corp., which supplies cells for Tesla's EVs, is expected to benefit from the increased demand for its products. This could lead to higher revenues and a positive impact on the company's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
Tesla's efforts to reduce battery costs by 30-50% and ramp up production at Giga Nevada could lead to cost efficiencies and economies of scale, potentially benefiting the company's stock.
Tesla's efforts to reduce battery costs and ramp up production at Giga Nevada are expected to create cost efficiencies and economies of scale. This could lead to increased production capacity, lower costs, and higher margins, which would positively impact the company's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100