Tesla Ramps Up Cybertruck Production: Drone Footage Reveals Rows Of Stainless Steel Behemoths At Giga Texas
Portfolio Pulse from Anan Ashraf
Tesla is ramping up production of its Cybertruck at the Giga Texas factory, as evidenced by drone footage showing numerous vehicles ready for delivery. The company aims to deliver 250,000 units by 2025, with production being the main challenge. Tesla plans to increase weekly production to 2,500 units by year-end, with profitability expected by the end of the year.
August 25, 2024 | 7:25 am
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Tesla is increasing Cybertruck production at its Giga Texas factory, with a goal of delivering 250,000 units by 2025. The company is addressing production challenges and expects profitability by year-end.
The news highlights Tesla's efforts to ramp up Cybertruck production, which is crucial for meeting delivery targets and achieving profitability. This positive development is likely to boost investor confidence and positively impact Tesla's stock price in the short term.
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