Tesla's Production Aspirations Underscored By Gary Black: 2.77M Vehicles By 2025 — Major Entry Into $30K Segment 'Significantly Underestimated By The Street'
Portfolio Pulse from Benzinga Neuro
Tesla Inc. (NASDAQ:TSLA) aims to produce 2.77 million vehicles by 2025, a 50% increase from 2023, including new affordable models. Analyst Gary Black suggests the market underestimates Tesla's expansion into the $30,000 segment. Tesla's current capacity is 2.35 million units, with a potential maximum of 3 million. Despite recent earnings scrutiny, Tesla's resilience is noted.
July 29, 2024 | 3:36 am
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Tesla aims to produce 2.77 million vehicles by 2025, a 50% increase from 2023, including new affordable models. Analyst Gary Black suggests the market underestimates Tesla's expansion into the $30,000 segment. Tesla's current capacity is 2.35 million units, with a potential maximum of 3 million.
Tesla's ambitious production targets and entry into the $30,000 segment are likely to positively impact its stock price in the short term. The market may have underestimated the potential growth, leading to a positive reassessment by investors.
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IMPORTANCE 90
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