Tesla Exec Says 1,000 Cybertrucks A Week Prove 4680 Cell Production Isn't A Bottleneck: 'We Expect To Stay Ahead...'
Portfolio Pulse from Anan Ashraf
Tesla Inc's senior executive Lars Moravy announced that 4680 cell production, essential for Cybertruck manufacturing, increased by 18% to 20% in Q1, enabling the production of over 1000 Cybertrucks per week at Giga Texas. Despite previous reports of production challenges, Moravy assured that cell production will stay ahead of Cybertruck demand in Q2, with the company maintaining a cell inventory. However, achieving volume production faces hurdles due to new technologies and supplier limitations. Tesla's annual target of 250,000 Cybertruck deliveries is postponed to 2025.
April 24, 2024 | 6:59 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Tesla's 4680 cell production increase and Cybertruck manufacturing ramp-up indicate strong operational progress, despite previous concerns over production capabilities.
The increase in 4680 cell production and the ability to produce over 1000 Cybertrucks per week demonstrate Tesla's overcoming of previous production challenges. This progress is likely to positively impact investor sentiment and Tesla's stock in the short term, as it aligns with the company's goals to ramp up Cybertruck production and meet future demand efficiently. However, the mention of ongoing challenges with new technologies and supplier limitations provides a note of caution.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100