Tesla's Cybercab Production Set to Start in April, Initial Speed Slow
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: stocktwits
- Production Speed Expectations: Musk indicated that Cybercab manufacturing will follow an S-curve, starting slowly due to the complexity of new parts and processes, with a long-term goal of producing one vehicle every 10 seconds, highlighting the challenges in early output.
- Manufacturing System Testing: Tesla is currently testing its production system, with mass production expected to begin in April 2025, and this timeline confirmation is crucial for investor confidence and market positioning.
- Market Reaction: Despite claims from investors that Cybercab production would start in less than 100 days, Musk's caution has led to a bearish sentiment, with Tesla's stock down over 6% this year, underperforming against the S&P 500 and Nasdaq indices.
- Future Outlook: Tesla aims to launch the Cybercab in 2026 and has already begun production, showcasing the company's long-term strategic focus on autonomous driving and robotics, even as it faces short-term production hurdles.
Analyst Views on TSLA
Wall Street analysts forecast TSLA stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for TSLA is 401.93 USD with a low forecast of 25.28 USD and a high forecast of 600.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
30 Analyst Rating
12 Buy
11 Hold
7 Sell
Hold
Current: 437.500
Low
25.28
Averages
401.93
High
600.00
Current: 437.500
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.
