Tesla Adjusts Foundation Series Cybertruck Delivery Timeline: New Cyberbeast Orders Expected After Mid-2024
Portfolio Pulse from Anan Ashraf
Tesla Inc (NASDAQ:TSLA) has delayed the estimated delivery timeline for new orders of its Cybertruck Foundation series. The Cyberbeast version is now expected to be delivered mid-late 2024, while the All Wheel Drive (AWD) version is slated for Jan-March 2024. The delay was reported by Tesla investor Sawyer Merritt. Tesla began delivering the stainless steel Cybertruck last month and aims to deliver approximately 250,000 Cybertrucks annually in the future, with CEO Elon Musk anticipating this target to be reached by 2025 due to production scaling challenges.
December 16, 2023 | 4:56 am
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Tesla's announcement of the delayed delivery timeline for the Cybertruck Foundation series may impact investor sentiment and could lead to short-term stock price volatility.
Delivery delays can often be perceived negatively by the market, as they may indicate production issues or other challenges that could affect Tesla's revenue and growth projections. However, the impact may be mitigated if investors believe the delays will lead to a better-quality product or if they are already factored into the stock price.
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