Tesla has published its earnings for the third quarter of 2021, with the electric vehicle company’s revenues quadrupling to a record $1.6 billion (£1.15 billion) for the period.
Tesla’s revenues were likewise record-setting, climbing to around $13.8 billion (almost £10 billion), although that figure fell somewhat short of the $14 billion (£10.1 billion) expected by wall street analysts.
Tesla Cybertruck delayed up until at least 2023
Tesla’s earnings can be put down to the company’s growth in sales, with the business building around 240,000 vehicles between July as well as September – a 64 per cent year on year increase. That’s in spite of the continuous worldwide semiconductor shortage, which has impacted the production capability of many huge manufacturers, while earnings per vehicle have likewise dropped with a higher proportion of sales being the lower-priced cars.
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Tesla’s growing factory facilities now includes plants in Shanghai, California as well as Texas, with the firm’s new facility on the outskirts of Berlin because of begin production later this year. Tesla’s facility in Shanghai is likewise matching the production figures of the company’s Californian plant for the design 3 as well as design Y, in spite of having only been open since December 2019.
The company’s sales mix is progressively shifting to its smaller as well as more inexpensive models, the design 3 as well as design Y, from the larger as well as more costly design S as well as design X.
The design Y crossover just recently went on sale in the UK, while the business has stated that the delayed Roadster as well as Cybertruck designs will now go into production in 2023.
Now click right here for our evaluation of the new Tesla design Y…