How Many Tesla Cybertrucks Were Delivered? Latest Recall Could Provide Clues
Portfolio Pulse from Chris Katje
Tesla Inc (NASDAQ:TSLA) announced a recall of 11,688 Cybertrucks due to a windshield wiper issue, following a previous recall of 3,878 Cybertrucks in April. Based on these recalls, Tesla delivered 7,810 Cybertrucks over nine weeks, averaging 867 per week. This could lead to over 11,000 units delivered in the first quarter, potentially surpassing Ford's (NYSE:F) F-150 Lightning deliveries. Tesla aims to reach 2,500 units produced per week by the end of the year and 250,000 annually by 2025.
June 26, 2024 | 2:17 pm
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POSITIVE IMPACT
Tesla's recall of 11,688 Cybertrucks reveals significant production and delivery figures, with 7,810 units delivered over nine weeks. This could lead to over 11,000 units in Q1, potentially surpassing Ford's F-150 Lightning deliveries. Tesla aims to increase production to 2,500 units per week by year-end.
The recall provides insight into Tesla's production and delivery rates for the Cybertruck, suggesting strong performance that could positively impact investor sentiment and stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
Ford delivered 7,743 F-150 Lightning units in Q1, up 80% year-over-year. Tesla's Cybertruck deliveries could potentially surpass this figure, indicating increased competition in the electric pickup market.
While Ford's F-150 Lightning deliveries are strong, Tesla's potential to surpass these figures introduces competitive pressure, which could have a neutral to slightly negative impact on Ford's stock.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50