Tesla nearly doubled its revenue in Q1 despite industry wide supply chain woes | Engadget

. Overall, the company posted $3.3 billion in net income up from $438 million last year.

Looking ahead, Musk anticipates another banner year in 2022. While the company's official outlook estimates a 50 percent increase in vehicle production,"I think we actually have a reasonable shot at a 60 percent increase over last year," Musk said. He also made mention of the Robotaxi prototype Tesla is developing.

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.

They started price gouging customers, even though parts costs barely went up at all if they even went up. Also there is a replacement cycle coming for former owners getting new cars, because their old ones are falling apart.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Netflix Earnings Preview: Market not expecting much ahead of NFLX Q1 reportNetflix will release Q1 earnings after market close on Tuesday, $NFLX stock is down 52% since November high. The streaming king has received 15 EPS downgrades going into earnings by claymarkets stocks trading
Source: FXStreetNews - 🏆 14. / 72 Read more »

ASML Q1 earnings beat forecasts slightly, bookings seen strongASML Holding NV , a key supplier to computer chip makers, reported on Wednesday first-quarter sales of 3.5 billion euros ($3.8 billion) and net income of 695 million euros, slightly ahead of expectations.
Source: Reuters - 🏆 2. / 97 Read more »