On January 9th, Dan Ives, Managing Director and Senior Stock Analyst of investment bank Wedbush, released his latest estimate on the Giga Texas project, which refers to the Tesla Gigafactory located in Texas. According to a Wall Street insider, Giga Texas is likely to have the ability to begin production of Model Y in the next 7-10 days. If Wedbush’s estimate is accurate, it may see some strong momentum for Tesla’s stock in the first quarter of 2022.
“Based on our analysis of Giga Austin, it appears that paperwork is being cleared for Model Y production due to begin in the next 7-10 days. We believe stamping and testing for Model Y is in place and mostly complete, with Tesla now turning on the green light in Austin,” wrote Dan Ives.
Earlier this month, reports from Texas indicated that Tesla is applying for necessary permits to ensure smooth production at Giga Texas. Travis County spokesperson Hector Nieto even noted that certain parts of Giga Texas have received necessary compliance certifications from the county fire marshal.
The Giga Texas factory has been extremely busy recently, serving as a center for a series of complex operations. Interestingly, a recent video of the factory exposed that the production area for Cybertruck may have received some new machines. In the latest aerial video taken by Jeff Roberts, some equipment seems to have been installed in a specific area of the factory, which is speculated to be designated for Cybertruck production.
There have been increasing reports lately about Giga Texas beginning production. Last week, Chinese media outlet First Financial reported the signing of an agreement between solar panel giant LONGi Green Energy and Tesla for the Giga Texas solar energy system. On Twitter, it was pointed out that Tesla’s Texas factory will start operating soon.The Giga Texas is expected to cover an area of 4.28 million square feet and will be divided into workshops including final assembly, stamping, and casting. The factory will start operations with the production of Tesla Model Y, followed by Cybertruck. Other vehicles such as Model 3 and Tesla Semi are also expected to be produced in the future at Gigafactory.
🔗Source: TESLARATI
This article is a translation by ChatGPT of a Chinese report from 42HOW. If you have any questions about it, please email bd@42how.com.