Tesla earns record profits and shows confidence in the future

by time news

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In the United States, the order book for electric vehicles is full despite a gloomy global economic environment and the media escapades of Elon Musk, boss of Tesla, after his takeover of Twitter which had weakened investor confidence.

The net profit of Tesla is around 3.7 billion euros, an increase of almost 60% in the fourth quarter of 2022. And over the year, the manufacturer’s profit has more than doubled to more than 12.5 billion. In 2022, the group delivered 1.3 million electric vehicles, a jump of 40%.

Tesla knows, however, that rising interest rates make buying a car on credit more expensive. There are also more and more competitors in the electric market. That is why he lowered the price of his cars by sometimes 20%.

produce more

The manufacturer is also confident. The company ” is used to challenges “, explains the group. He wants to continue to reduce costs and speed up production rates. Elon Musk said he could produce 2 million vehicles, if there were ” no major disruptions in the supply chain ».

He also responded to criticism that he was more focused on Twitter than Tesla. He assured that Twitter was a “ incredibly effective tool to advertise his cars.

The billionaire also said that the arrival on the market of his Semi electric truck, and especially of his pick-up Cybertruck, which should be available during the year, would boost demand.

(With AFP)

►Also read : Twitter, Starlink, Tesla: Elon Musk’s very busy year (Today the economy, the portrait)

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