Tesla Smashes Doubts About 4680 Cell Production, Says It's Made Enough Batteries For 1,000 Cybertrucks
Portfolio Pulse from Anan Ashraf
Tesla Inc (NASDAQ:TSLA) announced it produced enough 4680 cells at Giga Texas last week for over 1,000 Cybertrucks, countering December reports of production issues. The current rate could yield over 52,000 Cybertrucks annually, excluding supplier orders. CEO Elon Musk aims for a quarter million Cybertruck deliveries by 2025, highlighting production, not demand, as the challenge.

March 21, 2024 | 7:39 am
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Tesla Inc announced significant progress in 4680 cell production, potentially impacting over 52,000 Cybertruck productions annually, aiming for 250,000 deliveries by 2025.
The announcement directly addresses previous concerns about Tesla's ability to meet its Cybertruck production goals, particularly regarding the 4680 cell production rate. By demonstrating a significant production capability and setting a clear target for future deliveries, investor confidence in Tesla's operational efficiency and growth prospects in the EV market may increase. This positive development is likely to have a favorable impact on Tesla's stock price in the short term, as it alleviates concerns about production bottlenecks and reaffirms the company's commitment to meeting its ambitious production targets.
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