And I add: “The profit obtained totaled US$3,376 million, which meant a year-on-year increase of 255%. In addition, revenues continue to grow, thus reaching a compound quarterly growth rate of over 12% (taking the first quarter of 2021 as a starting point).”
Tesla has been an outlier since the outbreak of the pandemic, posting record deliveries and profits for several quarters while rivals facing global supply chain issues had to halt production.
“Our own factories were running below capacity for several quarters as the supply chain became the main limiting factor, which is likely to continue for the rest of 2022,” Tesla said in a statement.
Tesla said chip shortages and recent Covid-19 outbreaks weighed on its supply chain and factory operations, while prices for some raw materials have surged in recent months.
Despite this, according to Vlassich, total vehicle production almost doubled that achieved in the first quarter of 2021, and remained similar to the level of the fourth quarter of the previous year.
In the past two months, the first Model Y deliveries have begun from the Gigafactory plant in Texas and Gigafactory Berlin-Brandenburg. At the same time, it is working on the internal production of certain parts in order to have greater autonomy with respect to some suppliers, while increasing their diversification to minimize problems in the supply chain.
The Research report at IOL Investor Online also maintains that the company, chaired by Musk, “did not ignore the problems inherent in inflation, reporting that they have generated an impact on costs, which led to an increase in the final sale prices of vehicles. “.
Source: Ambito
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