Electric cars – More profit at Tesla – Economy

CEO Elon Musk’s Twitter capers don’t throw Tesla’s profit machine out of sync. The net profit of the world’s largest electric car manufacturer jumped in the fourth quarter by almost 60 percent to $ 3.7 billion, as the US company announced. Sales also increased sharply. However, despite the record in the fourth quarter, Tesla missed its target of increasing deliveries by 50 percent for the full year. With the recently massively reduced prices, the car manufacturer is now boosting demand. At the same time, Tesla continues to expand its production capacities. Musk said Tesla’s price cuts attracted many customers. Demand in January was about twice as high as production, and sales could reach the two million mark this year. For 2023 he promised 1.8 million deliveries.

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