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Tesla profits soar despite supply chain crisis

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Tesla

Tesla’s profits soar despite global supply chain strains

It’s becoming obvious that electric cars are quickly becoming a new trend.

Despite prices for EVs going up, Tesla has revealed profits are continuing to soar.

Tesla’s banked a profit of over three billion dollars during the first three months of the year.

The company’s deliveries were up by 68 percent, and that number would be even higher if there wasn’t supply chain issues.

It’s Shanghai factory was also forced to close recently due to covid cases in the Chinese city bringing back lockdowns.

Tesla has been pushing to expand, opening new factories in Texas and Germany in recent weeks.

The news comes as Tesla announces new policies surrounding the inclusions with new EV purchases

Tesla customers will now have to pay extra for a mobile charging connector when they buy one of the company’s electric vehicle models.

The new move by the EV maker is similar to those made by tech giant, Apple – which has removed power packs and headphones from new iPhones.

It’s obvious that charging an electric vehicle is a critical point to allow the car to actually operate.

Many road users wanting to transition to cleaner energy and opt in for a shiny new Tesla (or other EVs too if you’re the type of person to shop around) continue to express concerns about charging and recharging stations.

Up until now, it made sense for Tesla to include a mobile charging cable with every vehicle sold – but according to Tesla CEO Elon Musk, the company has decided to dump the policy because not enough drivers were using the charging connectors.

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Six strategies to build a six-figure property portfolio

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Achieve your dream retirement with these key property investment approaches

Investment Insights is an informative and inspiring interview-style show that dives into the world of money management and wealth creation, making complex financial concepts accessible to all.

Hosted by the Founder of The Investor’s WayAndrew Woodward.

In this episode, Andrew is joined by Moxin Reza, Director of Invest0r Partner Group.

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Money

Experts reveal how to spot investment-grade properties

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Crucial tips for choosing the right property to secure long-term financial success

Investment Insights is an informative and inspiring interview-style show that dives into the world of money management and wealth creation, making complex financial concepts accessible to all.

Hosted by the Founder of The Investor’s WayAndrew Woodward.

In this episode, Andrew is joined by Moxin Reza, Director of Investor Partner Group.

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Money

Tricks of the trade: how to navigate market volatility with confidence

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Strategies to manage risk and seize opportunities in uncertain times

Investment Insights is an informative and inspiring interview-style show that dives into the world of money management and wealth creation, making complex financial concepts accessible to all.

Hosted by the Founder of The Investor’s WayAndrew Woodward.

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