Musk has halted Cybertruck production. $TSLAB didn’t fall with it—instead, it climbed to 361.66.
The original plan was to produce 250,000 vehicles a year. In the first nine months of this year, just 11,586 were delivered—less than a tenth of planned capacity. The Texas production line was already mostly idle, so what capacity is there to free up?
The reason given for halting production is to make room for Cybercab. But there’s no firm word on when the shutdown will happen. As of the end of October, only 463 Cybercabs were registered in Texas—so who exactly needs that capacity?
The really interesting part is who’s buying them. In the fourth quarter last year, Musk’s own companies bought 1,339 vehicles, accounting for 19% of all US registrations. SpaceX alone bought 1,279.
Looks to me like the biggest customer is Musk himself. $SPCXB is up 5.4% tonight, while $QQQB is up just 0.46%. The money isn’t really coming from the broader market.
A sustained move above 362.75 puts 382 in sight; a break below 348 could send it back to 338. Keep an eye on tonight’s close. Do you still own Tesla?
The original plan was to produce 250,000 vehicles a year. In the first nine months of this year, just 11,586 were delivered—less than a tenth of planned capacity. The Texas production line was already mostly idle, so what capacity is there to free up?
The reason given for halting production is to make room for Cybercab. But there’s no firm word on when the shutdown will happen. As of the end of October, only 463 Cybercabs were registered in Texas—so who exactly needs that capacity?
The really interesting part is who’s buying them. In the fourth quarter last year, Musk’s own companies bought 1,339 vehicles, accounting for 19% of all US registrations. SpaceX alone bought 1,279.
Looks to me like the biggest customer is Musk himself. $SPCXB is up 5.4% tonight, while $QQQB is up just 0.46%. The money isn’t really coming from the broader market.
A sustained move above 362.75 puts 382 in sight; a break below 348 could send it back to 338. Keep an eye on tonight’s close. Do you still own Tesla?
