Yes, but still not enough on the short term to absorb the cell supply, with the 4680s V2 they can make Model Ys that are identical to the 2170 version
If we assume half of Texas 250k/year becomes 4680, that would still only need 10.25 GWh/year of 4680 production, that combined with Cybertruck would only absorb a bit more than one line worth of supply, when they have 4 and 4 more coming soon
For Model Y to use that production of the 4680 version would need to increase three fold to 375k/year, which not gonna happen in 12 months
I'm sure Tesla has a plan and contingency plans and then contingency plans on those also, but I'm really curious where they will put those many cells on the short term, storing for long term for future use doesn't work, since it takes a lot of space, needs to be on a climate controlled environment and so on
Semi is far from absorbing that many cells, since Nevada expansion is pretty slow or not even started, the $25k model would need even higher production volumes since the battery pack will be considerably smaller than a LR Model Y, Model S Plaid+ would barely make a dent in cell usage
Grid storage would work, but would need another Lathrop or two pretty soon for that and LFP from CATL is a better fit
