Tesla Ramping Up Cybertruck Production To Touch 2,500 Units Per Week: Non-Foundation Series To Start Shipping Soon
Portfolio Pulse from Anan Ashraf
Tesla Inc (NASDAQ:TSLA) is ramping up production of its Cybertruck, aiming to reach 2,500 units per week by the end of the year. Currently, the production rate is at 1,300 units per week. The company plans to eventually deliver 250,000 Cybertrucks annually starting in 2025. The Cybertruck is currently limited to the U.S. market, with potential international availability next year. Tesla will soon stop producing the foundation series and start shipping non-foundation series Cybertrucks next quarter.
June 14, 2024 | 11:41 am
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POSITIVE IMPACT
Tesla is increasing its Cybertruck production to 2,500 units per week by the end of the year, up from the current 1,300 units per week. This production ramp-up is expected to boost revenues and potentially impact stock prices positively.
The increase in production capacity for the Cybertruck indicates strong demand and potential revenue growth for Tesla. This is likely to have a positive impact on TSLA stock prices in the short term as investors react to the increased production capabilities and future revenue potential.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100