Tesla Bear Asks Elon Musk If 200K-Per-Year Cybertruck Production Capacity Estimate Is 'Official Guidance Or A Slip' (UPDATED)
Portfolio Pulse from Shanthi Rexaline
Tesla CEO Elon Musk recently stated that the company aims to produce 200,000 units of Cybertruck per year, which is a downward adjustment from the previous guidance of 250,000 units per year. This has led to questions about whether this is an official guidance cut or a slip. Despite the production challenges, demand for the Cybertruck remains strong with over 2 million reservations. Tesla's stock ended Tuesday's session up 1.76% to $200.84.
November 01, 2023 | 9:58 am
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NEUTRAL IMPACT
Tesla's Cybertruck production guidance has been adjusted downward, which could potentially impact investor sentiment. However, strong demand for the Cybertruck and a recent increase in Tesla's stock price may offset any negative impact.
The downward adjustment in Tesla's Cybertruck production guidance could potentially lead to negative investor sentiment. However, the strong demand for the Cybertruck, as evidenced by the over 2 million reservations, and the recent increase in Tesla's stock price may offset any negative impact. Therefore, the short-term impact on Tesla's stock price is neutral.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100