Tesla Cybertruck, production exceeds 1,000 units per week

After the recent problems with the delivery of the Tesla Cybertruck, the Californian company seems to be back on track. All thanks also to production growth of 4680 battery cells. This will lead to lower production costs and, perhaps, lower prices in the future.

Tesla continues to send out invitations for the Foundation Series Cybertruck, but availability of standard variants remains uncertain. However, recent updates provided to shareholders in the first quarter of 2024 indicate that things are progressing faster than expected. Tesla has reached production capacity of 1,000 pieces per week already in April, less than five months after its launch. This has boosted Tesla’s confidence in achieving the leading position in the market segment by the end of the year, surpassing competitors such as Ford and Rivian. Increased productivity is important in reducing costs through economies of scale.

Although this may be one of Tesla’s most challenging periods since its inception, the company has made some very interesting updates on 4680 cell production growth of its batteries, which provides enough space to support increased Cybertruck production this year. In short, the 4680 cell production process is ahead of the Cybertruck’s production, as confirmed by Tesla’s vice president of engineering, Lars Moravi.

With increased production, Cybertruck production costs are falling fast week after week. This is due not only to the improvement in the production chain, but also to the increase in the amount of production itself. It is important to note that, at the moment, the 4680 cells are more expensive than the 2170 produced by Panasonic for Tesla in Nevada so, at the moment, it is still too early to say “target achieved”.

Tesla is also actively seeking innovative ways to reduce Cybertruck costs through a process called “Cost Grind”. This includes improved design efficiency, improved supply chain and simplification in manufacturing. The company has shared photos of the Cybertruck and other demolition projects to demonstrate its efforts in this area.

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