Tesla Investor Sawyer Merritt Says This Can Help EV Giant 'Reduce Their Own Costs Between 15%-30%:' Elon Musk Calls It '...A Major Breakthrough'
Portfolio Pulse from Anan Ashraf
Tesla's use of dry cathode 4680 cells in the Cybertruck is seen as a major breakthrough by CEO Elon Musk and investor Sawyer Merritt. This technology could reduce costs by 15%-30% and result in higher-density batteries if scaled successfully. Tesla aims to start production of Cybertrucks with these cells in Q4, potentially achieving profitability by year-end.
August 03, 2024 | 5:24 am
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Tesla's introduction of dry cathode 4680 cells in the Cybertruck is expected to significantly reduce production costs and improve battery density. This could enhance profitability and drive stock prices up.
The use of dry cathode 4680 cells is a significant technological advancement that can reduce production costs by 15%-30%. This cost reduction, combined with the potential for higher battery density, positions Tesla to improve its profitability, especially with the Cybertruck production starting in Q4. Positive investor sentiment and the potential for increased earnings make a short-term price increase likely.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100