According to Wedbush Managing Director and Senior Equity Analyst, Daniel Ives, he believes Tesla is ready to kick off Model Y production at its new Gigafactory in Austin, Texas, in a matter of 7-10 days.
“Based on our analysis of Giga Austin it appears paperwork is now clearing the way for Model Y production starting over the next 7-10 days. We believe the stamping machines for Model Y and testing is already in place and mostly completed, green light for Tesla to kick off Austin,” said Ives on Saturday morning.
Based on our analysis of Giga Austin it appears paperwork is now clearing the way for Model Y production starting over the next 7-10 days. We believe the stamping machines for Model Y and testing is already in place and mostly completed, green light for Tesla to kick off Austin
— Dan Ives (@DivesTech) January 8, 2022
“Launching the Austin production in early January is very important to Tesla expanding both domestic and global production of [Model Ys] which are set to have a massive year in 2022,” added Ives in a note to investors, according to Barron’s.
Beyond the initial Model Y production at Giga Texas, Tesla will be producing its highly-anticipated Cybertruck next at the factory.
The news of Giga Texas starting production in early January from Ives, seemingly corroborates what drone pilot Joe Tegtmeyer shared on New Year’s Eve, about Giga Texas starting production during the first week of the New Year. That never materialized but it appears the start of production is very close.
Tesla had a record Q4 for deliveries and overall in 2021, reaching just shy of 1 million deliveries, while Wall Street expects the automaker to deliver 1.4 million cars this year, which looks to be a possibility once Giga Texas goes online, along with Giga Berlin in Germany.
Check out the Tesla Gigafactory Austin construction from Saturday, January 8, as filmed by Jeff Roberts:
Back in December 2021, Tesla CEO Elon Musk confirmed there would be a party at Giga Texas to celebrate the factory’s grand opening, with festivities similar to what occurred at Giga Berlin. Musk said the party at Giga Texas and factory tours for the community would happen in “early 2022.” Let’s wait and see just how quickly that might be.
