There is no doubt that Tesla (TSLA) - dominating the electric car market.
Austin automaker produced 305,407 vehicles in the first quarter and delivered 310,048 vehicles despite a supply chain disruption and a Russian invasion of Ukraine, which increased the price of immature nickel products.
The team of Chief Executive Elon Musk is expected to surpass the one million cars produced by 2022, industry sources expect. That could be a company record.
At the time, GM (GM) - Ford (F) - among them delivering more than 7,100 EVs in the first quarter. Upstart Rivian Competition (RIVN) - The Class A report in its segment has delivered 1,227 vehicles in the first three months.
Tesla is in a good position to meet the growing demand for electric vehicles. The automotive company recently opened its fourth production facility, in Austin, after Berlin, Shanghai and Fremont, Calif. In total, these industries can build at least 2 million cars a year if they are fully operational.
Tesla, whose mission is to save the planet from pollution, is therefore likely to make a lot of money in the next few years because the group can now work on key markets such as China, Europe and the U.S. at a much lower cost than its competitors face.
Tesla Has Access to Free Money
The Musk company is also able to generate significant revenue from models that it has not yet advertised. T-brand currently sells luxury Model S and entry-level Model 3 sedan, Model X luxury SUV and Model Y SUV.
The CEO on April 7 announced that 2023 will be a year rich with new products: Tesla will begin production of the much-anticipated cybertruck, Tesla Semi and sports car Roadster. This product is already booking all these cars.
But one of the three turns into a real Tesla cash machine. New Roadster.
The new generation of Roadster, the first car built by Tesla, seems to be a huge success. The limited edition, Founders Series, is over. Tesla stopped taking bookings in December.
In this limited model, Tesla customers had to pay a total amount, $ 250,000, within 10 days of placing their orders on the dedicated Roadster site.
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Courtesy Grizler.com
