Tesla earns record profits and shows confidence in the future
A Tesla charging station under the Californian sun in Kettleman City, January 25, 2023. REUTERS - MIKE BLAKE
Text by: RFI Follow
1 min
In the United States, the order book for electric vehicles is full despite a gloomy global economic environment and the media escapades of Elon Musk, boss of Tesla, after his takeover of Twitter which had weakened investor confidence.
Advertising
Read more
Tesla
's net profit
is around 3.7 billion euros, an increase of almost 60% in the fourth quarter of 2022. And over the year, the manufacturer's profit has more than doubled to more than 12.5 billion .
In 2022, the group delivered 1.3 million electric vehicles, a jump of 40%.
Tesla knows, however, that rising interest rates make buying a car on credit more expensive.
There are also more and more competitors in the electric market.
This is why
he lowered the price of his cars by sometimes 20%
.
produce more
The manufacturer is also confident.
The company “
is used to challenges
”, explains the group.
He wants to continue to reduce costs and speed up production rates.
Elon Musk said he could produce 2 million vehicles, if there were “
no big supply chain disruptions
”.
He also responded to criticism that he was more focused on Twitter than Tesla.
He said Twitter was an "
incredibly effective tool
" for advertising his cars.
The billionaire also said that the arrival on the market of his electric Semi truck, and especially of his Cybertruck
pick-up
which should be available during the year, would boost demand.
(
With
AFP)
►Also read
: Twitter, Starlink, Tesla: Elon Musk's very busy year
(
Today the economy, the portrait
)
Newsletter
Receive all the international news directly in your mailbox
I subscribe
Follow all the international news by downloading the RFI application
Automotive
Industry
United States
Elon Musk
Transportation