Prediction: Cybercab Adds Less Than 5% to Tesla's Revenue in Its First Full Year
Tesla built the line, and Tesla published its capacity. Even a first year running at that capacity barely moves a $95 billion revenue base.
Overview
The Cybercab is no longer a prototype. Tesla (NASDAQ:TSLA) listed the start of Cybercab production at Gigafactory Texas among its second-quarter operational highlights, and its capacity table now shows the line built to make more than 125,000 vehicles a year.
Employee rides began on the factory campus in July. And Electrek reports that the first public rides in Austin could begin before the end of this month.
Details
The two-seat vehicle, which has no steering wheel or pedals, is the most tangible piece yet of Tesla's plan to turn itself into an autonomy company. But readiness and revenue are different things. Work through what the program can produce and collect over its first full year, and I put the total below 5% of Tesla's revenue -- probably well below.
Source
Originally published at www.fool.com.