Cybertrucks, New Factories in Focus as Tesla set to Report Record Earnings
Chief Executive Officer Elon Musk promises an updated product roadmap on Wednesday, with eyes on the time frames for the launch of Cybertruck and a hoped-for $25,000 electric car.
Tesla Inc is expected to post record revenue on Wednesday, but analysts and investors are focusing on how fast Tesla can scale up production at two new factories this year with technology changes as well as battery and other supply chain constraints clouding the outlook. [1]
Figure 1. Cybertrucks, New Factories in Focus as Tesla set to Report Record Earnings
Figure 1 shows tesla has weathered the worldwide provide chain disaster higher than different automakers, producing a file variety of autos and income is anticipated to rise 52% within the fourth quarter to $16.4 billion, in line with Refinitiv knowledge.[2]
Automotive gross margin excluding regulatory credit are anticipated to be flat or up barely from the earlier quarter, regardless of an inflationary surroundings which has a unfavourable influence on element prices, stated Gene Munster, managing associate at enterprise capital agency Loup Ventures. [2]
New factories
Analysts said Tesla’s two new factories in Texas and Berlin eventually could double Tesla’s production capacity, but it is not clear whether Tesla started production.
Musk said new factories will use manufacturing technology such as casting the body in only two or more pieces and integrating next-generation batteries into the vehicle body.
While the new technologies would help cut the number of vehicle parts, thus reducing manufacturing complexity and bringing down costs, they could be “significant production risk,” Musk said in 2020.
In addition, investors will want to hear about the outlook for the supply chain, with automakers straining to meet demand for electric vehicles.
4680 batteries
Tesla expected the first vehicles equipped with its own 4680 battery which could give cars more range and bring down their costs, to be delivered early this year, but it is not clear when it would be able to mass produce the batteries.
Cybertruck
In 2019, Musk unveiled Tesla’s futuristic electrical pickup vans, aiming to realize a foothold within the standard and worthwhile section within the US market.
Musk, who has typically missed his self-imposed launch targets, has already delayed Cybertruck manufacturing from late 2021 to late 2022. A supply instructed Reuters that Tesla goals to begin preliminary manufacturing of the much-anticipated mannequin in early 2023, saying they’re making modifications to options and functionalities from its unique model.
“This is the first time that Tesla has brought a vehicle out with serious competition,” mentioned Sam Fiorani, vp at AutoForecast Solutions, referring to Ford and Rivian, that are planning to ramp up manufacturing. [4]
References:
- https://www.carandbike.com/news/cybertrucks-new-factories-in-focus-as-tesla-set-to-report-record-earnings-2731567
- https://www.pehalnews.in/cybertrucks-new-factories-in-focus-as-tesla-set-to-report-record-earnings/1578088/
- https://techiai.com/tesla-set-to-report-record-earnings-cybertrucks-new-factories-in-focus/
- https://harpianews.com/cybertrucks-new-factories-in-focus-as-tesla-set-to-report-record-earnings/
Cite this article:
Thanusri swetha J (2022), Cybertrucks, New Factories in Focus as Tesla set to Report Record Earnings, pp. 101