Elon Musk Says Cybertruck Ramp Will Be As Fast As The Slowest Element Of The Supply Chain
Portfolio Pulse from Anan Ashraf
Tesla Inc (NASDAQ:TSLA) CEO Elon Musk has stated that the company is continuing to build release candidates of the Cybertruck on the final production line in Austin. While no clear timeline for delivery or pricing details were provided, Musk confirmed that deliveries are expected to commence later this year. The production ramp of the Cybertruck will be as fast as the slowest element of the supply chain. Demand for the Cybertruck is high, with over 1.5 million pre-orders as of November last year.
July 20, 2023 | 3:59 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Tesla's Cybertruck production is progressing, with deliveries expected to start later this year. High demand, indicated by over 1.5 million pre-orders, could positively impact Tesla's revenues and stock price.
The news indicates that Tesla is making progress with its Cybertruck production, which is a positive signal for investors. The high demand, as shown by the large number of pre-orders, suggests potential for significant revenue growth once deliveries start. This could lead to a positive impact on Tesla's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100