Tesla ‘Pushing Hard’ to Start Production at Giga Austin and Berlin by Jan. 26: Report
We’ve recently seen hints of Tesla possibly starting production soon at its Gigafactories in Texas and Berlin, and now the latest report says the latter could happen before the end of the month.
According to Gary Black, Managing Partner, The Future Fund, he said on Friday morning, “sources tell me [Tesla] pushing hard to begin production at Austin and Berlin by [January 26].”
Sources tell me $TSLA pushing hard to begin production at Austin and Berlin by 1/26. Assuming this happens, and assuming TSLA beats on 4Q earnings (my est $2.55 vs WS $2.24 now, +14% beat), I expect FY’22 Vol (1,353K E) and EPS ($9.20 E) to increase 10-15% after 4Q earnings 1/26. pic.twitter.com/cYu0LGltqe
— Gary Black (@garyblack00) January 14, 2022
Black adds, assuming his sources are correct, and Tesla beats Wall Street estimates on fourth quarter earnings—set to be announced on January 26—he expects the company’s fiscal year 2022 production volume and earnings per share to increase 10-15% after the earnings report later this month. Elon Musk is also expected to provide a product roadmap update on the earnings call.
Tesla’s website was updated in Europe to note the Model Y Performance would start delivering in March of this year, while code also temporarily referenced “Berlin” (since removed). Earlier this month, Wedbush Daniel Ives said they expected Gigafactory Austin to start production of Model Y later in January.