Despite record profit, Tesla still disappoints its shareholders


Tesla has just released its results for the third quarter. And the least we can say is that Elon Musk’s company is experiencing thunderous growth. His revenue climbs to $21.5 billion (compared to 13.8 billion for Q3 2021) while its net profit rose to $3.3 billion (against 1.6 billion last year).

A more complicated future?

Over this quarter, the car manufacturer also announces that it has produced no less than 365,000 new vehiclesrepresenting a growth of 50% compared to the same period of the previous year.

However, these figures did not convince investors who fear complicated months ahead for the firm. Indeed, it would have actually sold about 20,000 vehicles less than it would have produced and the waiting list is starting to shrink significantly.

According to analysts, the drastic rise in prices over the last few months coupled with the rise in interest rates (which penalizes loans) would make the task more delicate for the teams of the whimsical American founder. A few minutes after the announcement of these results, the title was sanctioned by around 5% on the stock market.

Since the beginning of the year, the American manufacturer’s share price has collapsed by almost 50%. In addition to the gloomy macroeconomic outlook, investors are also worried about Elon Musk’s commitment to buy the social network Twitter, which should force him to sell a few thousand Tesla shares in return.

Tesla is also struggling in China where demand is falling in the face of fierce local competition, and the difficulties of its Gigafactory in Berlin are not helping it to boost volumes. That said, Elon Musk maintains his long-term forecast of 50% growth in shipments, every year.

Leave A Reply

Your email address will not be published.

rabit tradon seo tool seo hyperlink with keyword generate reset