Elon Musk Says Battery Cell Constraints A Hiccup In Tesla Semi Rollout

Benzinga2021-03-29

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk tempered down expectations on the automaker’s cell and electric truck production numbers. What Happened: The executive disclosed that the company was “too cell-...

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BlessedC
2021-03-29
BlessedC
So price of Tesla may be falling now but will pick up in next two years.

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Tesla is installing capacity to produce 200 gigawatts-hours annually next year, Musk said on the same earnings call.\nDeliveries of the Plaid Plus S, another vehicle that uses 4680 cells, have also been delayed to mid-2022.\nCurrently, the company only makes the new cylindrical batteries at its pilot Fremont factory and the volume production is not expected to scale up until it begins making them at its Gigafactory Texas, reported Electrek. \nThis year, Tesla battery supplier Panasonic Corporation (OTC: PCRFF) (OTC: PCRFY) will set up a prototype production line to make the 4680 cells.\nPrice Action: Tesla shares closed nearly 3.4% lower at $618.71 on Friday and gained 0.42% in the after-hours session.\nClick here to check out Benzinga’s EV Hub for the latest electric vehicles news.\nPhoto: Courtesy of Tesla\nSee more from Benzinga\n\nClick here for options trades from Benzinga\nElon Musk Stresses Self-Reliance From A Young Age As He Dismisses Alleged Emerald Mine Connection Of Family\nTesla Brings Its Tequila Bottles To Europe And China — Without The Tequila\n\n© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":355975930,"gmtCreate":1617026585920,"gmtModify":1704801034130,"author":{"id":"3573886639292843","authorId":"3573886639292843","name":"BlessedC","avatar":"https://static.tigerbbs.com/b6f6cd878b450a021fbcf04c7a86684a","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"So price of Tesla may be falling now but will pick up in next two years.","listText":"So price of Tesla may be falling now but will pick up in next two years.","text":"So price of Tesla may be falling now but will pick up in next two years.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/355975930","repostId":2123623880,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":2,"commentSize":1,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2123623880"}