On the day that Netflix starred in a historic cataclysm on the stock market – 35% of its value was left behind – another of the great powers of Silicon Valley confirmed that its spectacular growth streak shows no signs of losing strength.

Tesla signed a new devastating quarter,

the first of 2022, with a turnover that increased by 8,367 million dollars compared to last year (81% more), and profits that went from 438 million in 2021 to 3,318 million in the last trimester.

The jump is impressive: a 658% improvement.

The billing record is a reflection of the

speed at which they are manufacturing and selling their electric cars,

especially Model 3 and Model Y. 305,407 cars left their plants, 69% more than twelve months ago, with almost all the production poured into its two most popular vehicles.

The distance with respect to the oldest and those who started the phenomenon, the S and the X, is abysmal.

Of the total, only 14,218 units corresponded to those options.

"Public interest in a sustainable future continues to grow, so we remain focused on growing as much as reasonably possible," the company said in a statement.

That future depends on the

increase in its production capacity,

with plants still far from their maximum capacity in Texas, China and Germany.

In that regard, Tesla announced that "in the last two months" deliveries of the Model Y, the brand's hybrid, began from Austin and Berlin, although the latter with a marginal impact on quarterly profits.

This is despite the

constant production problems

that have marked the last few months for the automotive industry, with the shortage of chips that started during the pandemic and still continues, and the substantial increase in the price of materials, with the Ukraine war of bottom.

"The inflationary impact on our cost structure has contributed to adjustments in the price of our products, despite a continued focus on reducing our manufacturing costs where possible," they said.

In Shanghai, the mandatory quarantines imposed by the Covid

forced the closure of the plant that supplies the Asian market.

However, production has slowly returned in recent days.

On the launch ramp, the long-awaited Cybertruck, which will be produced in Texas, the Tesla Semi -its electric truck proposal-, the Roadster sports car, and a "future product" that has not yet been announced.

Tesla claims to be in the strongest position since its inception, with enough capital to finance the expansion of its factories and continue to conquer markets.

Conforms to The Trust Project criteria

Know more

  • Netflix

  • China

  • Germany

  • berlin

  • Coronavirus

  • covid 19

  • Stay at home