Analyst Ming-Chi Kuo Post On X, "Tesla survey and prediction updates: 1. The more affordable new model (dubbed "Model 2" by some) is unlikely to enter mass production until 2H25 at the earliest. 2. The Model Y refresh is expected to start mass production in 1Q25."
Portfolio Pulse from Benzinga Newsdesk
Analyst Ming-Chi Kuo predicts that Tesla's new affordable model, possibly called 'Model 2', will not enter mass production until the second half of 2025. Meanwhile, the refreshed Model Y is expected to begin mass production in the first quarter of 2025.
October 23, 2024 | 5:42 pm
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NEUTRAL IMPACT
Tesla's new affordable model, potentially named 'Model 2', is not expected to enter mass production until the second half of 2025, which may delay revenue growth from this model. However, the refreshed Model Y is set to start mass production in early 2025, potentially boosting sales.
The delay in mass production of the new affordable model could postpone expected revenue growth from this vehicle, which might be a concern for investors looking for near-term growth catalysts. However, the Model Y refresh could offset some concerns by potentially boosting sales in early 2025.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100