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Thursday, April 22, 2021

Delivered around 180,000 cars … a strong start for Tesla in 2021

Tesla announced, Friday, that it delivered 184 thousand and 800 cars in the first quarter of 2021, exceeding analysts’ expectations of about 7 thousand vehicles.

The Axios website stated that these results constitute more than double the vehicles that the electric vehicle manufacturer delivered at the same time last year, which is a strong start this year.

Despite the significant decline in the global economy due to the Corona pandemic, and many sectors were affected as a result of the repercussions of that crisis, the new figures confirm that Tesla has achieved record profits in light of that.

The site pointed out that it is unclear how the global shortage of chips will affect the electric car industry, including Tesla, as many companies around the world have been forced to extend the scope of production cuts.

The Corona pandemic has caused an increase in demands for chips used in the production of smartphones, televisions, and computers, as consumers try to make their long home lives somewhat bearable, allowing less capacity to achieve a more than expected recovery in vehicle demand.

On the other hand, despite the unprecedented records of wealth accumulation achieved by Tesla CEO, Elon Musk, in 2020, he was quickly hit by losses since March 8, after his company’s shares declined in the context of a wave of selling of shares of technology companies. Green.

Musk’s fortune fell to $ 156.9 billion, to move him to second place on the “Bloomberg Rich Index”, after Jeff Bezos topped it with an increase of nearly $ 20 billion, to become the richest person on the planet last week.

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