Cybercab Production Begins, Musk Looks Ahead
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
Should l Buy TSLA?
Source: seekingalpha
- Production Launch: Elon Musk announced on X that production of Cybercab has begun, although initial output will be slow, with expectations for ramp-up towards the end of the year and into next year, reflecting Tesla's ongoing commitment to new product development.
- Supply Chain Challenges: Musk noted that the introduction of a new product with a completely new supply chain means initial production rates will be slow, which could impact delivery timelines for Cybercab and potentially exert short-term pressure on Tesla's overall production efficiency.
- Future Production Plans: In addition to Cybercab, Musk mentioned that production of the Semi truck will soon commence, indicating Tesla's strategic expansion into the electric commercial vehicle sector to meet growing market demand.
- Market Expectation Management: Musk emphasized that while initial production may be slow, the anticipated increase in production capacity will enable Tesla to achieve higher output in the future, thereby enhancing its competitive position in the electric vehicle market.
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Analyst Views on TSLA
Wall Street analysts forecast TSLA stock price to rise
30 Analyst Rating
12 Buy
11 Hold
7 Sell
Hold
Current: 373.720
Low
25.28
Averages
401.93
High
600.00
Current: 373.720
Low
25.28
Averages
401.93
High
600.00
About TSLA
Tesla, Inc. designs, develops, manufactures, sells and leases high-performance fully electric vehicles and energy generation and storage systems, and offers services related to its products. Its segments include automotive, and energy generation and storage. The automotive segment includes the design, development, manufacturing, sales and leasing of high-performance fully electric vehicles, and sales of automotive regulatory credits. It also includes sales of used vehicles, non-warranty maintenance services and collisions, part sales, paid supercharging, insurance services revenue and retail merchandise sales. The energy generation and storage segment include the design, manufacture, installation, sales and leasing of solar energy generation and energy storage products and related services and sales of solar energy systems incentives. Its consumer vehicles include the Model 3, Y, S, X and Cybertruck. Its lithium-ion battery energy storage products include Powerwall and Megapack.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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