Tesla streaks profit records

The Californian electric car manufacturer has never made so much money as in the third quarter of 2021. The crisis, what crisis?

What insolence! While many manufacturers are trying to weather a storm of several months as best they can, mixing pandemic and shortages of all kinds, Tesla displays an almost outrageous financial health in view of the context.

The firm specializing in electric cars broke its profit record for the third consecutive quarter. According to the Wall Street Journal, these amount 1.6 billion dollars (about 1.5 billion euros) over the last three months (July August September). And this despite a significant drop in the average selling price of its models.

In reality not very concrete for many of us, these figures are in fact the result of a much more telling progression: 73% is the increase in Tesla deliveries compared to the same period in 2020.

Sometimes mocked in the past for its erratic production pace, the American company is now silencing the slanderers with at its Chinese plant in particular, the most important from the point of view of assembly volumes. And dealerships shouldn’t run out of stock as chains at two new locations in Austin, Texas, and around Berlin, Germany, should come alive from the end of this year before reaching their cruising speed in 2022.

According to analysts, Tesla would manage to make itself less dependent on the shortage of semiconductors by using fewer subcontractors than its main competitors. According to their predictions, the company led by Elon Musk would thus be able to further increase the pace to 266,000 cars delivered in the last quarter of 2021 to accumulate nearly 900,000 over the year. A phenomenal leap compared to less than 500,000 last year.

A few pebbles remain in the shoe of the Californian ogre. Its Cybertruck pick-up, whose production has been postponed for a year to probably start at the end of 2022. And its heavy-duty Semi, originally expected for 2019, but which should not reach the marketing stage before 2023.

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