Tesla Says It Made 20 Millionth 4680 Cell At Giga Texas — Why This Is An Important Milestone
Portfolio Pulse from Anan Ashraf
Tesla Inc (NASDAQ:TSLA) announced that it has produced 20 million 4680 cells at its Texas gigafactory. The company had previously announced in July that it had produced 10 million cells, implying a production rate of nearly 250,000 cells per month. The 4680 cells, unveiled in September 2020, are expected to enhance the performance of Tesla's vehicles. However, the company has not provided a clear deadline for achieving its proposed targets for the cells.
October 12, 2023 | 5:07 am
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Tesla's announcement of producing 20 million 4680 cells at its Texas gigafactory indicates progress in its production capabilities. However, the lack of a clear deadline for achieving its proposed targets for the cells may cause uncertainty among investors.
The production of 20 million 4680 cells shows Tesla's commitment to improving its vehicles' performance, which could potentially boost its market share and stock price. However, the lack of clear targets for the cells could create uncertainty, potentially affecting the stock's short-term performance.
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