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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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Why the meme-stock frenzy is unlikely to repeat

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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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Why are airlines after the Biden Administration?

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Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

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The mounting pressure on Government spends

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Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending

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