Tesla VP Says 4680 Cell Production Not Leading To Cybertruck Production Delays, Says Reservation To Order Rate 'Encouraging'
Portfolio Pulse from Anan Ashraf
Tesla's VP Karn Budhiraj refuted claims that 4680 cell production is causing delays in Cybertruck deliveries, stating that production is ahead of schedule with a healthy inventory. CEO Elon Musk emphasized the company's focus on increasing 4680 production and supplier orders. Despite previous reports of production challenges, Budhiraj finds the reservation to order conversion rate for the Cybertruck 'very encouraging' and anticipates selling out all builds for 2024. Musk reiterated the goal of delivering 250,000 Cybertrucks in North America, potentially by 2025.
January 25, 2024 | 7:21 am
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Tesla VP denies 4680 cell production issues, indicating a positive outlook for Cybertruck deliveries. Reservation to order rates are encouraging, suggesting strong demand and potential sell-out for 2024.
The news directly addresses concerns about Tesla's production capabilities and demand for the Cybertruck, both of which are critical factors for the company's future performance. The positive update from the VP and CEO should reassure investors and could lead to a short-term positive impact on TSLA's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100