In this Breaking News shared by Barrons, Tesla’s Fremont Factory in Carlifonia will be pumping out 1000 Model Ys every week, starting in 2020.
According to Baird’s Brian Kallo. He recently toured Tesla’s Fremont, California, plant with investors. The newly unveiled Cybertruck might have dominated the headlines recently, but the Model Y is a crucial car for Tesla.
That’s because the Model Y is a smaller-size sport-utility vehicle—a very important part of the auto market. And importantly for investors, Kallo thinks the Model Y will make Tesla more profitable.