Cybertruck Completes 1 Year: Here's How Much You Would Have Today If You Invested $1,000 In Tesla When It Made The First EV Truck At Giga Texas Last Year
Portfolio Pulse from Anan Ashraf
Tesla Inc (NASDAQ:TSLA) completed its first Cybertruck at Giga Texas a year ago. Since then, the company has ramped up production and deliveries, but Tesla's share price has declined by nearly 9%. Tesla aims to deliver 250,000 Cybertrucks annually by 2025, with a current weekly production rate of 1,300 units.
July 17, 2024 | 9:41 am
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Tesla's first Cybertruck was completed a year ago, and the company has since ramped up production. However, Tesla's share price has declined by nearly 9% over the same period. The company aims to deliver 250,000 Cybertrucks annually by 2025.
While Tesla has made significant strides in ramping up Cybertruck production, the stock price has declined by nearly 9% since the first Cybertruck was built. This suggests that the market may have already priced in the production ramp-up, or other factors are influencing the stock price. The long-term goal of delivering 250,000 Cybertrucks annually by 2025 is ambitious and could positively impact the stock if achieved.
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RELEVANCE 100