Nothing seems to slow Tesla’s crazy momentum

Posted Apr 21, 2022, 5:56 AMUpdated on Apr 21, 2022 at 12:00 PM

Some investors exposed to Tesla feared that Elon Musk, while trying to buy Twitter, would be distracted from his job as CEO of the global electric car specialist. The figures for the first quarter of 2022 seem to prove them wrong. The American manufacturer has reassured about its ability to produce large volumes, despite logistical difficulties affecting the entire automotive industry. In fact, it even impressed with an operating margin of over 19%. In the automobile, only the unclassifiable Ferrari does better. Tesla shares soared more than 5% in aftermarket trading.

This performance comes as the huge Tesla factory in Shanghai was forced to interrupt production at the end of March, due to the drastic containment measures taken by the Chinese authorities to fight against a resurgence of the Covid pandemic. About a month of production was lost, but the factory is reopening “with a thirst for vengeance”, says Elon Musk. It resumes work, on condition that the workers sleep and live in the factory. And that the parts to be assembled are there.

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