I was wondering why Unicorn Piss stock was so high today.
Before I check the TSLA price in the morning, I cue up Danny and the Juniors’ “At the Hop”. I got up and around about 10 AM, it was up over $23, when I checked perhaps 30 minutes ago, it was up $7.
The quarterly deliveries were stronger than expected. The Berlin Gigafactory intro tour is going to happen within a week. The Austin plant is also nearing completion, including some of the internals.
Given that the Fremont plant was a retrofit, and the Berlin and Austin plants will each probably exceed the production in Shanghai, Tesla’s capacity will more than double in 2022 yoy.
Add to that the Cybertruck will ship early in 2022, and by late 2022 at least two, possibly three new plants will be announced and construction started, I suspect the stock is going to remain volatile, but as it has been for quite a while, the overall trend will be up for the stock.
Car and Driver notes that Rivian’s got deposits for 48390 trucks, and at starting list price:
48390*68145=3297536550
$3,297,536,550