EV - Tesla Stock Forecast: Sales Of Cybertrucks From Tesla Will Be Significant In 2024
The Tesla stock price is possible to go up more after the release of the Cyber track. Hundreds of thousands of prospective car purchasers are currently lined up in anticipation of the release of the Tesla pickup truck, the Cybertruck; however, they will need to continue waiting in line.
According to a report that was published on Tuesday by Reuters, citing two people with knowledge of the subject, Tesla ( NASDAQ:TSLA ) expects to begin “mass production” of its Cybertruck by the end of 2023. If what Reuters is reporting is accurate, then that is disappointing news for buyers and investors to consider. Since Tesla first unveiled the truck before the end of 2019, many customers have been patiently waiting.
A request for the company’s comment was disregarded by the organization.
As said at the company’s earnings conference call for the third quarter of 2018, everyone anticipates that Cybertruck will hit the roads in the year 2023. Elon Musk, the CEO of Cybertruck, stated that “we’re in the final lap for Cybertruck.” “We are creating a Cybertruck line here at Giga Texas Austin,” the new facility that the corporation has opened in the state of Texas.
Later on during the call, Drew Baglino, senior vice president of powertrain and energy engineering, stated, “we’re still on pace to start early production in the middle of next year.”
It seems reasonable to assume that “early manufacturing” will begin in the middle of the year, and that “mass production” will not begin until the end of 2023. It will always take some time before a new product can be brought into full production.
Wall Street anticipates that approximately 83,000 Cybertrucks will be given to consumers in the year 2023, and an additional 120,000 will be handed over to customers in the year 2024; nevertheless, Musk’s ambition is to sell approximately 250,000 of the pickups per year. If large numbers aren’t coming off the assembly line until the end of t...
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