Company Of The Day: Tesla
What?
The production of Tesla’s (NASDAQ:TSLA) Cybertruck pickup has been delayed to 2022. The vehicle was initially slated to go hit the assembly line in the second half of 2021.
Why?
- How Will Tesla’s Earnings Trend After A Tough Q1 Delivery Report?
- With Deliveries Falling And Inventory Piling Up, What’s Next For Tesla Stock?
- Down Almost 20% This Year, Is Tesla Stock Good Value?
- Down 9% Year-To Date, Will A Q4 Earnings Beat Drive Tesla Stock Higher?
- With Delivery Growth Cooling, Is Tesla Stock Still A Buy At $250?
- Following A Lackluster Cybertruck Debut, Is Tesla Stock Overvalued At $240?
Although Tesla hasn’t outlined any specific reasons for the delay, the pickup uses some unique production techniques and materials such as Ultra-hard 30X Cold-rolled Stainless Steel for the body, which could be taking time to develop and scale up. The ongoing semiconductor shortage could also have hurt the company’s timelines for the vehicle.
So What?
Tesla stock largely brushed off the news, rising by about 2% in Monday’s trading, as the truck was unlikely to have really moved the needle for the company’s 2021 sales with a launch later this year.
See Our Complete Analysis For Tesla
What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio that’s beaten the market since 2016
See all Trefis Price Estimates and Download Trefis Data here
What’s behind Trefis? See How It’s Powering New Collaboration and What-Ifs For CFOs and Finance Teams | Product, R&D, and Marketing Teams