Tesla’s first-quarter 2022 profit hit a record high; but on releasing the results, Tesla also said that the COVID-19 pandemic has brought significant pressure on the company’s supply chain and factory operations. At present, only a fraction of its companies in certain regions in China have resumed work. Experts in China’s industrial economy research admit…
Partial Resumption of Work in China’s Locked-Down Cities Cannot Break the Supply Chain Bottlenecks: Analyst
Elon Musk Wants Tesla to Mine Lithium Due to 359 Percent Year-on-Year Price Hike
April 26, 2022
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Billionaire entrepreneur Elon Musk has proposed that Tesla might have to begin mining lithium, a critical element in electric vehicle batteries, given the skyrocketing prices of the chemical element. In 2012, a ton of lithium cost $4,450. A decade later, in 2022, the price surged to $78,032 per ton, an increase of more than 1,650…
Tesla Sells Record 308,000 Electric Vehicles for Q4 2021, Beating Estimates
Tesla posted record deliveries for the fourth quarter, selling 308,000 cars and surpassing Wall Street estimates as critical vertical integrations and robust supplier relations enabled the automaker to ride out chip shortages that are plaguing most other manufacturers. “We achieved production of more than 305,000 vehicles and deliveries of over 308,000 vehicles. In 2021, we…
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