Tesla shares set to start 2021 at record high after vehicle deliveries beat expectations – Financial Post

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Tesla, however, faces an uphill task of ramping up production. Its delivery push so far has been supported by the new Shanghai factory, the only plant currently producing vehicles outside California.

“The bad news is to keep up with this demand, the company needs to quickly build new factories in Austin, Texas, and Brandenburg, Germany,” said Gene Munster, managing partner at Loup Ventures.

.”.. Ramping production is difficult and will be one of the most important Tesla topics in 2021, along with the status of FSD (Full Self-Driving).”

Shares of the company, which joined the benchmark S&P 500 index in December, were up as much as 5.4 per cent at US$743.74 in early trading.

© Thomson Reuters 2021

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