Tesla shows it’s not immune to issues dogging global production – Mark Crouch

by | Jul 21, 2022

Share this article

Written by Mark Crouch, analyst at social investing network eToro

Tesla had once seemed to weather the global chip shortage and supply chain crisis where other car makers were struggling, but its latest quarterly earnings show it is now also feeling the strain.

On an annual basis, the firm has managed to grow revenue by 42% and earnings by 57%. However, both financial measures are down significantly between the first and second quarters demonstrating that Tesla is far from immune from the production issues other manufacturers are facing.

The reopening of Tesla’s Shanghai factory will help, but materials shortages are something the entire industry is contending with and for which there is no easy or quick remedy. For that reason, we are not expecting a sharp uptick in performance in Q3.

 
 

Share this article

Related articles

IFAM 127 | Not if, but when | April 2024

IFAM 127 | Not if, but when | April 2024

Not if, but when… Spring finally seems to have arrived! Since our last edition, we have had the Spring Budget and the Bank of England (BoE) rate announcement to name but a few important landmarks. This has kept us, like all of you I am sure, quite busy over the last...

Sign up to the IFA Magazine Newsletter

Trending articles

IFA Talk logo

IFA Talk is our flagship podcast, that fits perfectly into your busy life, bringing the latest insight, analysis, news and interviews to you, wherever you are.

IFA Talk Podcast - listen to the latest episode

x