And yet shares of the EV maker fell as much as 4.3% in early trading Tuesday, a sign of the lofty expectations Tesla now contends with after an eightfold gain in the stock last year.
Chief Executive Officer Elon Musk is pushing to ramp up production and maintain Tesla’s dominance in the electric vehicle market, but competitors are moving in aggressively.
Tesla’s results kick off a year in which the Palo Alto, California-based automaker will be expanding operations on three continents, including completing new factories in Austin, Texas, and near Berlin.
Tesla handed over almost 185,000 cars worldwide in the first three months of this year, despite a shortfall in supplies of semiconductors.
Tesla and other automakers have had to cope with strained supplies of chips and other materials, an unexpected headache that comes as they have been ramping up production to meet higher consumer demand amid the pandemic.
Tesla sought to assure investors in its quarterly release by noting growing demand for EVs and its own efforts to rapidly expand production capacity.
The company has routinely taken in more money selling those credits to other automakers than it earns from its core business of making and selling cars.
The carmaker contested concerns about a fatal crash involving a Model S in Texas earlier this month, saying it believes someone was in the driver’s seat at the time.
“On the other hand, we have to be leery of public figures who have come to be associated with blatant falsehoods.” At the same time, conservative publishers and some literary agents say there is enormous demand for books from voices on the right, particularly now that Republicans are out of power, and publishers are demonstrating that they are eager to work with politicians they regard as acceptable mainstream conservatives.
Turkish warplanes were continuing on Wednesday to strike suspected Kurdish militant targets in northern Iraq, while commando troops were conducting a search and sweep operation, Turkey’s defense ministry said, as the military pressed ahead with its latest incursion into the neighboring region.
The measures highlight an increased focus on servicing the domestic market and come as the country’s steel mills grapple with raw material costs that have surged to historic highs.China churns out half the world’s steel, and is the biggest exporter, but has vowed to reduce output in 2021 as part of a drive to contain carbon emissions from one of its dirtiest industries.
N’DJAMENA – The capital of Chad appeared calm on Wednesday morning, with security forces deployed in large numbers and burning tyres still smouldering in the streets, a day after at least five people were killed in clashes between protesters and the army.
Turn Biotechnologies, a company developing novel RNA medicines for untreatable age-related conditions, today announced that it has closed its latest round of funding.
is a worldwide, asset-light provider of integrated transportation management solutions delivering safe, specialized transportation services to a broad range of customers utilizing a network of agents, third-party capacity providers and employees.
All it took was a two-minute phone call to pitch the idea for his new film “Wrath of Man” and British director Guy Ritchie was back working with action star Jason Statham after some 15 years.