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Tesla Sales to Grow Above 50 percent in 2022
Tesla sales will grow more than 50% in 2022 compared to last year despite supply chain issues, CEO Elon Musk said. This will be possible thanks to the optimization of production and the start of work of two new factories. Last year, Tesla recorded $5.5 Billion of GAAP net income and $5.0 Billion of free cash flow, after spending $6.5 Billion to build out new factories and on other capital expenditures. The manufacturer's sales rose 71% to $53.8 billion in 2021 as it delivered more than 936000 vehicles to customers. Tesla has warned that growth is likely to slow as supply chain issues affecting automakers continue to limit its production capacity. 2021 was a breakthrough year for Tesla and for electric vehicles in general. With their deliveries up 87% in 2021, the company has achieved the highest quarterly operating margin among all volume OEMs, based on the latest available data, demonstrating that EVs can be more profitable than combustion engine vehicles.
Source: Summarized from Eva Fox at tesmanian.
My Take: I think they will do a little better than 50% in 2022. I have them at 1.7 million sales in 2022.
Re Posted From: Tesla Sales to Grow Above 50 percent in 2022
Tesla sales will grow more than 50% in 2022 compared to last year despite supply chain issues, CEO Elon Musk said. This will be possible thanks to the optimization of production and the start of work of two new factories. Last year, Tesla recorded $5.5 Billion of GAAP net income and $5.0 Billion of free cash flow, after spending $6.5 Billion to build out new factories and on other capital expenditures. The manufacturer's sales rose 71% to $53.8 billion in 2021 as it delivered more than 936000 vehicles to customers. Tesla has warned that growth is likely to slow as supply chain issues affecting automakers continue to limit its production capacity. 2021 was a breakthrough year for Tesla and for electric vehicles in general. With their deliveries up 87% in 2021, the company has achieved the highest quarterly operating margin among all volume OEMs, based on the latest available data, demonstrating that EVs can be more profitable than combustion engine vehicles.
Source: Summarized from Eva Fox at tesmanian.
My Take: I think they will do a little better than 50% in 2022. I have them at 1.7 million sales in 2022.
Re Posted From: Tesla Sales to Grow Above 50 percent in 2022