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Earnings of Tesla may come under pressure from Shanghai factory halt

April 20, 2022
Source: qatar-tribune.com qatar-tribune.com
News Snapshot:
Agencies Tesla investors on Wednesday will keep an eye on whether the electric car company maintains its ambitious 2022 delivery target as the biggest factory, Shanghai, grapples with a COVID-19 shutdown and new plants slowly ramp up output. Tesla reports quarterly results and analysts are also asking whether CEO Elon Musk will discuss his $43 billion proposal to buy Twitter and if he will use some of his Tesla shares to help fund the deal. The COVID-19 related suspension of Tesla’s Shanghai factory, the costs of ramping up new factories in Berlin and Texas and rising supply chain costs are...
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China Tech Buzz Topics: Berlin | car | CEO | China | Covid-19 | credit | Credit Suisse | data | delivery | electric car | electric vehicle | Elon Musk | factory | fund | logistics | manufacturing | revenue | Shanghai | social media | supply chain | Tesla | Texas | Twitter | United States | website

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