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Supply chain crisis not enough to stop Tesla growth

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2 years ago

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A worsening global supply chain crisis is having an impact on automakers across the world, but despite the struggles, Elon Musk says that isn’t enough to stop Tesla’s growth

Tesla boss Elon Musk expects sales in EVs to grow by 50 percent despite ongoing supply issues.

The electric carmaker recorded a massive 5.5 billion dollars in earnings last year.

Mr Musk said that 2021 was “a breakthrough year for Tesla, and for electric vehicles in general”.

“While we battled, and everyone did, with supply chain challenges through the year, we managed to grow our volumes by nearly 90% last year,”

There have been fears that the company’s growth would slow, as supply chain issues affecting carmakers continue to limit manufacturing capacity.

Tesla said its supply chain was “the main limiting factor” to growth, “which is likely to continue through 2022”.

Elon Musk said he expected growth “comfortably above 50%” in 2022.

Carmakers around the world are grappling with a shortage of microchips, among other production and supply chain snarls, though Tesla had been seen as faring better than most.

It uses chips that are less scarce and quickly re-writes software, while competitors slow production.

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The integral step to entering the property market

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2 days ago

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May 20, 2024

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In the debate surrounding housing affordability, a divergence emerges between media portrayals and stark realities. While the crisis is often depicted as insurmountable, critics argue that individuals tend to blame external factors rather than taking personal responsibility.

Despite challenges, advocates urge a shift from despair to possibility, emphasizing personal agency and proactive pursuit of homeownership goals. Thus, while acknowledging the hurdles, reframing the discourse empowers individuals to navigate the housing market with resilience and determination, making the dream of owning a home a tangible reality for those willing to seize it. #Trending #Featured

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LA real estate agent reveals the secret to success

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2 days ago

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May 20, 2024

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What does it take to be a top performing real estate agent?

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark delves into the fast paced world of LA luxury real estate with renowned agent, Glen Coutinho from Rodeo Realty Beverly Hills. #wyld money #trending

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Why the meme-stock frenzy is unlikely to repeat

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1 week ago

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May 14, 2024

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GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

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