{"id":23246,"date":"2022-04-21T12:02:05","date_gmt":"2022-04-21T12:02:05","guid":{"rendered":"https:\/\/tahrir2day.com\/news\/2022\/04\/21\/tesla-profits-soar-fueled-by-strong-sales-2\/"},"modified":"2022-04-21T12:02:05","modified_gmt":"2022-04-21T12:02:05","slug":"tesla-profits-soar-fueled-by-strong-sales-2","status":"publish","type":"post","link":"https:\/\/tahrir2day.com\/news\/2022\/04\/21\/tesla-profits-soar-fueled-by-strong-sales-2\/","title":{"rendered":"Tesla profits soar, fueled by strong sales"},"content":{"rendered":"<section >\n<p>Tesla reported on Wednesday that its first-quarter net earnings were seven times higher than a year ago, driven by strong sales despite the global. <span >supply chain challenges<\/span> and pandemic-related production cuts in China. <\/p>\n<p>The electric vehicle and solar panel company earned $ 3.3 billion from January to March.  Quarterly revenue was $ 18.75 billion, also surpassing estimates of $ 17.85 billion.<\/p>\n<p>Shares of Tesla rose nearly 5% to $ 1,024 after its latest results were released.<\/p>\n<p>&#8220;[W]With supply chain problems still a persistent widening in the automotive space, and logistical problems worldwide, we believe that these delivery numbers &#8220;like Cinderella&#8221; in a brutal supply chain context speak of a [electric vehicle] a trajectory of demand that seems quite robust for Tesla for the rest of 2022, &#8220;Wedbush Securities analyst Dan Ives said in a report.<\/p>\n<h2>More expensive cars<\/h2>\n<p>Tesla&#8217;s financial results were driven by <span >multiple price increases<\/span> for their vehicles designed to offset the rising costs of lithium, nickel, cobalt and other precious metals used to make batteries.  The company&#8217;s Model X SUV now costs $ 114,900;  the Model S costs $ 99,990;  the Model 3 Performance costs $ 61,990;  and the Model Y costs $ 62,990.<\/p>\n<p>It may be more difficult for Tesla to publish similar issues later this year.  It faces the costs of rising new factories in Germany and Texas, as well as rising commodity prices.  It is also looking for greater competition as startups and legacy carmakers introduce more electric models.<\/p>\n<figure >\n<div >\n<div ><\/div>\n<p>    <iframe data-src=\"https:\/\/www.cbsnews.com\/embed\/video\/?v=7b32a411bf3ab6e7b787f8987f6a97791650542523#vVcLc9u4Ef4rHM6cpq0NCXxTuvG0shX3Mr0knjiZNrUyGhAERZz5CkFKVhz99%2B6C1MtpmlwmV9tjksBisbvf7uLDo8napqwytjEnCcuUODdjsZJcmBN4UfcwZ56bKxmL0pw8mrIRuTInd49ms6lQZlXGMC9jeLVs27UTxyb%2BOPKIG8chiVyXkognDmN%2B7IcxBdm8engtkue44tWaZu4733qX%2B8W9mpXTqzcrRdN%2FPbxIk8W%2F3V9AuqzlUhbPYtnIsoAlrYJBlbVLeF%2BnGyIywZtacrISqeSZUITVgjCSyoawhjSpIIVYk01Z3xNZNKIuGGpiGUG%2FiUrLNShsZJOhN1MjK8t7gzUGLDReirXxDhYaz48XGlNYaNym5XA4NDFa97AQXpI2y3Z6%2FplujJ1lxs4yAywzmAGWfeMGaBlnRVlIzrI3P1x1I3OhGpZX5sTyPWoBfhR%2FwKe2Zl28rTA4fP7KIpGBCdSZ0AAUZN13AY5DCuRsKRTmiEJo06ap1GQ%2Bmo94pAABZQ3hRcJ%2BjeRDXubzUdpG85Gcj%2Br5yKa2PR9Rdz6yfHhyETOXuyTwhUNcmCMsiCzCx3FgOYnLmADJJm3zqGAym498lz44Pp2PgojZPihzmWc7tue7buyOXU4TJwy9IBa4h%2BUTxZq8JMWGYw5gCpCx74VeSHpFw9%2BqJfiX%2FldH7D%2FQEcsO6UNggyeO41qJAH9iKiJLWOMgTJjrCuaOA1gb%2Fh5PtudmVUNRi%2FXbOjtxSVUZlPqQ5dlyKMv5iFXgxgo80AU%2FH32tQOejXvF8dOgSR%2FqruoyH0CL0zLAPYBe0%2FgO2grClmXoaO%2FgC%2B2lAg9CCIe2Wt9CCOVOQ08PcacPdrvb%2FfdukrHPWwLaswiDqApmPHkheieXb17%2BCRPsk2Ov1%2BtSWPsg%2FqI1pCKR6nlcl2rlv59DBJde9G9M55BEXXpIQL0pc4kZeQKLYtojrQtbQcTRmIT90WDCX5GVdyGKpMNfaOmYbwjNZYRtOpahZzVM4Ou5Q1NiJYt86%2BjR2K780bnQa30OegttF8wZNfsly7HdXl7fGi4Pe%2FZ6Xm07g7qkEft7uFPfjXxg2rnb7sizrnSCnTnzu%2FpfG%2B7C8h2oTlVRlDMZZEEnBlD65LAyrWObgXzfRVlA8Su2BAhumnMPIZVby%2B31fVW%2BVqG%2FbSPFaRiLei6uqLFRZ7%2BRS8TCdiYS1GSYlPYdfU49eHkad8bnrnXtjmGAxpkSy7v4vMlncnyRrkNAgGK6GyTqv82EhGmgO8Xy0hCr5K1cyvniEhg8L8X07YKpYX3g2dSxrwBnO4v%2FtIMnY8uIn%2B5LlPIKHyHkND5U1lX7owQ%2BNfgDnwEcCHQ%2FnNgWHR9HqBUw0cpCLpr6woDwHh72g0JP%2B%2FSdn%2BveyXGZiNn1%2BdTt9vlhRmF%2FVxcXd6%2BnL2asX7wcQ7epilbPKwv2gmt2BOjJ8VR0J%2F7wA5wopINTFAkp8AU7d0Ct65QTTGbHpFRTPs%2BuATK9tj1w%2Bu7y6tPzZdeg9GwBrAqQqLM8FtIALHVOw7if7Gv6eNIHBatliuPRjO1AfLx6Ri4l6oeRHsR2kUMtf0VAhE4Nl%2BNgOdLVfPOrHdtBRuYvH7rkdgO4GG9fFWkQD9FCqBQwBmPq5HTwmuVpAEbJcbX82dT2yXJ%2FqCDRkyDHsmEYQP3PSBRDJSiejwcceCfDD9xnCf4bgnyH0Zwj8GcJ%2BhqCfIeRnCPgZwn2GYCNNBLihTgDvc%2FN4D4QcdHafk88gR5sBdJDYIQkjCDxyVYT%2BTAOPtXhiOoJ%2FuujzBID5b0oBzQpPkuB%2FnQN4hCH6GLguDdC4j%2Fh5nApYzJAMX9FU9bS8Twdz3%2F7NPiXMI36%2FSwtc1ycGsmoR9d53SaFB79JDM4mD5O5%2BsIXhpmb8HjstpkqZK17WQr%2FDyexQ6tHQh%2Fxwu4b%2B8mAw92HoL9jC4KNQC9Uslmgb%2BtSNsGrBEJqX89F0L8PRrBW3rP2IDs2xbrRq2d1aeNkWcLoiPb2DZh9lYGsmcYXupVvMXI2V%2Bn2Eb7fq60RpyOJo8ZCjk3n7cFOXlaibzT8EHJ2m7QZAEz3fsYLY8oCvji3bcZjjm9v3ug6YZtUQ4UYsN%2FgOY2kZd9xDFLF2tT%2BxNacg5UrUkDukKqs2YzWmQZcXYD4cG3gEHS49WMaVhJc9I3lIgRzxMkNSomnNflkv8nQD4B5PckCqZwWLMhH3Jx%2BrG%2BQ1cP9Iyxovf3emQ2PG44gTn4WMWJawyTi2bEKpFSYiZJRGVJ%2FNx0t3h36PjfGnVMaxKIxoA0eY%2BPORvL5hBjy27XHoE497HEiOPyYhDVwSU%2B54kee5SeQcrLtpoxkEGTFBrk5dqHLDtifUnVhHTuyuYo1QGTOwIckGyEzJakMWxgfr3EhaIHQxGGUAbCUQDcWA0x1p2KEBVK5oFv3ovjb76cP9W6qZWKFZuiUvdwIYgQVeybFjwPPpNRmGfpFIBe%2FMHODbrFnDUwwRztx24ILw0Vw31avHtgnZLVfC6JqCbiE6rm4YA1%2FknAReGH8Ju35BT%2BROdmmB0%2FS74AUXL5Myl1jCbm%2FDK33x37nSR%2Bi2bGvdugB%2BvK3ATFSzIr7pm5K2rU%2BNBWpZHGK4v0nfsCbV2d5dBDSKRLCezn2wiAa%2Fh%2FXAzDmrlebYe0VPb1OfEfzv3ACIoGbA6glwEE%2FB06LMyuVGx1CPgHINqYBsilm9OSx9Kv2Z1PNYy1HLZnZCbZKMLUpcxxqTiPoBGXsBi7jFAs%2FCO0ES0FiETkQiWyQd5sxJKKH22LJC1woDYJbvuwTtMf%2FuECxuDkr6kE6%2BW9kupWe7g%2B80sT99%2BnTIEpS9qYHk1JvXHePB5t%2BbgJPYwVl9DySlWF5lZRu%2Fqpc67Sw6cyzb9jzbu772gjGdumM6c2d%2Fm8ZlBOmMl5CnJ6PZH41mfzaeHubffjZCi2anJ%2BGxpm3n1mk4e1%2Bv9D3laLARLJNtjhbqiGZH073%2FosBehJdsVJ2LWLKbUunW09e0yPGm0qXCH1Ul%2BiD6qvIffsfebv8D\" ><\/iframe><\/p><\/div><figcaption >\n<p>          <span ><br \/>\n            <svg viewbox=\"0 0 32 32\" aria-hidden=\"true\"><use xlink:href=\"#icon-video\"><\/use><\/svg><\/span><\/p>\n<p>          <span >Why electric vehicles are a hit at the New York International Auto Show<\/span><\/p>\n<p>          <span >03:07<\/span><\/p>\n<\/figcaption><\/figure>\n<p>The company said its weekly production during the quarter was strong, but an increase in COVID-19 cases led to the temporary shutdown of its factory in Shanghai, as well as part of Tesla&#8217;s supply chain.<\/p>\n<p>&#8220;Although limited production (at the Shanghai factory) has recently resumed, we continue to monitor the situation closely,&#8221; the company said in a letter to investors.<\/p>\n<p>CEO Elon Musk is expected to attend the company&#8217;s earnings conference later Wednesday.  You might also be asked about his $ 43 billion hostile offer to take over Twitter.<\/p>\n<h2>Record vehicle shipments<\/h2>\n<p>Tesla delivered a record 310,000 vehicles worldwide in the first quarter, about 68% more than in the same period in 2021. The increase came despite Tesla struggling with a global shortage of computer chips and other parts like the rest of the global automotive industry.  Tesla delivered 185,000 vehicles in the first quarter of last year.<\/p>\n<p>It seems that Tesla has coped with the shortage of parts better than the rest of the industry.<\/p>\n<p>Last year, the company delivered a record 936,000 vehicles, 87% more than in 2020. The company said in February that it expected annual sales growth of 50%, meaning it expects this about 1.4 million vehicles will be delivered each year.<\/p>\n<p>Earlier this month, the company celebrated the opening of its<span > &#8220;Gigafactory&#8221; of a billion dollars more<\/span> in Texas, with a massive private event attended by 15,000 people and organized by Musk.  The new Travis County Factory also serves as the company\u2019s next new home <span >moving from California.<\/span><\/p>\n<p>  <!-- data-recirc-source=\"\" --><\/p>\n<style type=\"text\/css\">\n<p>    .component - recirculation-type .item: nth-child (5) {display: none;  } # recirc-item - id-7cd22986-5c5c-4469-8074-d0c35b554fb3 {display: none;  } # recirc-item - id-7cd22986-5c5c-4469-8074-d0c35b554fb3 ~ .item: nth-child (5) {display: block;  }\n  <\/style>\n<p><!-- tags --><\/p>\n<ul >In:<\/p>\n<li>Tesla<\/li>\n<\/ul>\n<div ><\/div>\n<\/section>\n<p><a href=\"https:\/\/www.cbsnews.com\/news\/tesla-earnings-q1-2022-profits-electric-cars\/\">Source <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tesla reported on Wednesday that its first-quarter net earnings were seven times higher than a year ago, driven by strong sales despite the global. supply chain challenges and pandemic-related production cuts in China. The electric vehicle and solar panel company earned $ 3.3 billion from January to March. Quarterly revenue was $ 18.75 billion, also [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"footnotes":""},"categories":[53],"tags":[],"class_list":["post-23246","post","type-post","status-publish","format-standard","hentry","category-economy"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v18.1 (Yoast SEO v18.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tesla profits soar, fueled by strong sales - Tahrir News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tahrir2day.com\/news\/2022\/04\/21\/tesla-profits-soar-fueled-by-strong-sales-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tesla profits soar, fueled by strong sales\" \/>\n<meta property=\"og:description\" content=\"Tesla reported on Wednesday that its first-quarter net earnings were seven times higher than a year ago, driven by strong sales despite the global. supply chain challenges and pandemic-related production cuts in China. The electric vehicle and solar panel company earned $ 3.3 billion from January to March. Quarterly revenue was $ 18.75 billion, also [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tahrir2day.com\/news\/2022\/04\/21\/tesla-profits-soar-fueled-by-strong-sales-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Tahrir News\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-21T12:02:05+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/tahrir2day.com\/news\/#website\",\"url\":\"https:\/\/tahrir2day.com\/news\/\",\"name\":\"Tahrir News\",\"description\":\"News all over the world\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/tahrir2day.com\/news\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tahrir2day.com\/news\/2022\/04\/21\/tesla-profits-soar-fueled-by-strong-sales-2\/#webpage\",\"url\":\"https:\/\/tahrir2day.com\/news\/2022\/04\/21\/tesla-profits-soar-fueled-by-strong-sales-2\/\",\"name\":\"Tesla profits soar, fueled by strong sales - Tahrir News\",\"isPartOf\":{\"@id\":\"https:\/\/tahrir2day.com\/news\/#website\"},\"datePublished\":\"2022-04-21T12:02:05+00:00\",\"dateModified\":\"2022-04-21T12:02:05+00:00\",\"author\":{\"@id\":\"https:\/\/tahrir2day.com\/news\/#\/schema\/person\/5eb9492fbc67154812b39589e826b6e4\"},\"breadcrumb\":{\"@id\":\"https:\/\/tahrir2day.com\/news\/2022\/04\/21\/tesla-profits-soar-fueled-by-strong-sales-2\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/tahrir2day.com\/news\/2022\/04\/21\/tesla-profits-soar-fueled-by-strong-sales-2\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/tahrir2day.com\/news\/2022\/04\/21\/tesla-profits-soar-fueled-by-strong-sales-2\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/tahrir2day.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Economy\",\"item\":\"https:\/\/tahrir2day.com\/news\/category\/economy\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Tesla profits soar, fueled by strong sales\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/tahrir2day.com\/news\/#\/schema\/person\/5eb9492fbc67154812b39589e826b6e4\",\"name\":\"megahed\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/tahrir2day.com\/news\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/0ee3294b28670178246ce92a6679bf959bc435d2fcd9cb9ab078702487c106df?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/0ee3294b28670178246ce92a6679bf959bc435d2fcd9cb9ab078702487c106df?s=96&d=mm&r=g\",\"caption\":\"megahed\"},\"sameAs\":[\"https:\/\/tahrir2day.com\/news\"]}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Tesla profits soar, fueled by strong sales - Tahrir News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/tahrir2day.com\/news\/2022\/04\/21\/tesla-profits-soar-fueled-by-strong-sales-2\/","og_locale":"en_US","og_type":"article","og_title":"Tesla profits soar, fueled by strong sales","og_description":"Tesla reported on Wednesday that its first-quarter net earnings were seven times higher than a year ago, driven by strong sales despite the global. supply chain challenges and pandemic-related production cuts in China. The electric vehicle and solar panel company earned $ 3.3 billion from January to March. Quarterly revenue was $ 18.75 billion, also [&hellip;]","og_url":"https:\/\/tahrir2day.com\/news\/2022\/04\/21\/tesla-profits-soar-fueled-by-strong-sales-2\/","og_site_name":"Tahrir News","article_published_time":"2022-04-21T12:02:05+00:00","twitter_card":"summary_large_image","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebSite","@id":"https:\/\/tahrir2day.com\/news\/#website","url":"https:\/\/tahrir2day.com\/news\/","name":"Tahrir News","description":"News all over the world","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/tahrir2day.com\/news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/tahrir2day.com\/news\/2022\/04\/21\/tesla-profits-soar-fueled-by-strong-sales-2\/#webpage","url":"https:\/\/tahrir2day.com\/news\/2022\/04\/21\/tesla-profits-soar-fueled-by-strong-sales-2\/","name":"Tesla profits soar, fueled by strong sales - Tahrir News","isPartOf":{"@id":"https:\/\/tahrir2day.com\/news\/#website"},"datePublished":"2022-04-21T12:02:05+00:00","dateModified":"2022-04-21T12:02:05+00:00","author":{"@id":"https:\/\/tahrir2day.com\/news\/#\/schema\/person\/5eb9492fbc67154812b39589e826b6e4"},"breadcrumb":{"@id":"https:\/\/tahrir2day.com\/news\/2022\/04\/21\/tesla-profits-soar-fueled-by-strong-sales-2\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/tahrir2day.com\/news\/2022\/04\/21\/tesla-profits-soar-fueled-by-strong-sales-2\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/tahrir2day.com\/news\/2022\/04\/21\/tesla-profits-soar-fueled-by-strong-sales-2\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/tahrir2day.com\/news\/"},{"@type":"ListItem","position":2,"name":"Economy","item":"https:\/\/tahrir2day.com\/news\/category\/economy\/"},{"@type":"ListItem","position":3,"name":"Tesla profits soar, fueled by strong sales"}]},{"@type":"Person","@id":"https:\/\/tahrir2day.com\/news\/#\/schema\/person\/5eb9492fbc67154812b39589e826b6e4","name":"megahed","image":{"@type":"ImageObject","@id":"https:\/\/tahrir2day.com\/news\/#personlogo","inLanguage":"en-US","url":"https:\/\/secure.gravatar.com\/avatar\/0ee3294b28670178246ce92a6679bf959bc435d2fcd9cb9ab078702487c106df?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/0ee3294b28670178246ce92a6679bf959bc435d2fcd9cb9ab078702487c106df?s=96&d=mm&r=g","caption":"megahed"},"sameAs":["https:\/\/tahrir2day.com\/news"]}]}},"_links":{"self":[{"href":"https:\/\/tahrir2day.com\/news\/wp-json\/wp\/v2\/posts\/23246","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tahrir2day.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tahrir2day.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tahrir2day.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tahrir2day.com\/news\/wp-json\/wp\/v2\/comments?post=23246"}],"version-history":[{"count":0,"href":"https:\/\/tahrir2day.com\/news\/wp-json\/wp\/v2\/posts\/23246\/revisions"}],"wp:attachment":[{"href":"https:\/\/tahrir2day.com\/news\/wp-json\/wp\/v2\/media?parent=23246"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tahrir2day.com\/news\/wp-json\/wp\/v2\/categories?post=23246"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tahrir2day.com\/news\/wp-json\/wp\/v2\/tags?post=23246"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}