Company Of The Day: Tesla

by Trefis Team
-32.91%
Downside
910
Market
610
Trefis
TSLA
Tesla Motors
Rate   |   votes   |   Share

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?

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

Rate   |   votes   |   Share

Comments

Name (Required)
Email (Required, but never displayed)
Be the first to comment!