Tesla Aims At Profitability For Cybertruck By 2024-End With Production Ramp And Cost Savings With Dry Cathode 4680 Cells
Portfolio Pulse from Anan Ashraf
Tesla aims to achieve profitability for its Cybertruck by the end of 2024 through increased production and cost savings with in-house dry cathode 4680 cells. The company has significantly ramped up production and plans to further increase it, while also working on reducing costs with new cell technology.
July 24, 2024 | 11:08 am
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Tesla aims to achieve profitability for its Cybertruck by the end of 2024 through increased production and cost savings with in-house dry cathode 4680 cells. Production has tripled in Q2, and the company plans to further ramp up production to 250,000 units annually by 2025.
The news highlights significant production increases and cost-saving measures for the Cybertruck, which are positive indicators for Tesla's profitability and revenue growth. This is likely to have a positive short-term impact on Tesla's stock price.
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