Tesla To Deliver Foundation Series Cybertrucks Through Late 2024 Due To 'Continued High Demand,' Contrary To Elon Musk's June Prediction
Portfolio Pulse from Anan Ashraf
Tesla Inc. (NASDAQ:TSLA) has extended the timeline for delivering its Foundation series Cybertrucks through late 2024 due to high demand, contrary to CEO Elon Musk's earlier prediction. The company aims to ramp up production to 2,500 units per week by the end of the year and deliver 250,000 Cybertrucks annually starting in 2025.
July 02, 2024 | 9:24 am
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Tesla has extended the delivery timeline for its Foundation series Cybertrucks through late 2024 due to high demand. This contradicts Elon Musk's earlier prediction and indicates strong market interest. The company is ramping up production to meet demand.
The extension of the delivery timeline due to high demand suggests strong market interest in the Cybertruck, which is positive for Tesla's revenue and stock price. The production ramp-up to 2,500 units per week by the end of the year further supports this positive outlook.
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