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Tesla increases benefits and Elon Musk predicts that it may soon be worth more than Apple


In the third quarter of this year, the automaker achieved revenues of 10.454 million dollars and his earnings reached 3.330 million dollars, according to its most recent financial report.

Tesla recorded an increase in its revenues and profits, according to the financial results of the third quarter of this year released this Wednesday by the US automaker.

Specifically, the company achieved revenues for 10.454 millions of dollars. That is, a 11, 8% more than last quarter and more than double (55 %) with respect to the same period of the year 2021. This is a record figure, but lower than the estimates of 21.960 millions of dollars from economists from Refinitiv. For its part, profits reached 3.330 million dollars

, which reflects a more than significant increase compared to 1.600 million reported in the third quarter of 2021.

At the beginning of the month, Tesla indicated that between last July and September the company manufactured more than 330.000 vehicles and were delivered 343.10. This is an increase compared to the 258.000 manufactured models and the 254. sold in the last quarter. “As our production volumes continue to grow, it becomes increasingly difficult to secure the ability to transport vehicles at a reasonable cost during these logistics ‘peak weeks.’ “, explained the company regarding the comparatively lower delivery volume.

Las acciones de Tesla se desploman un 50 % respecto a su máximo de hace casi un año

“Far outperform” Apple

The publication of the Tesla’s financial reports was accompanied by a webcast with investors, in which its CEO, Elon Musk, participated, who predicts a “record fourth quarter” and a year-end “Epic” “We hope to sell every car we make as far into the future as we can see. The factories are running at full speed and we are delivering every car we make. In addition, we keep operating margins strong,” he said.

Musk also believes the company could “far exceed” the capitalization of tech giant Apple. “I see a potential path so that Tesla is worth more than Apple and Saudi Aramco together. That doesn’t mean it happens or that it’s easy. In fact, I think it will be very difficult and will require a lot of work”, he commented.

The meeting included a question and answer session where various topics were addressed, such as macroeconomic concerns

including raw material cost inflation, logistics volatility, and supply chain issues. Musk even got a chance to talk about the Twitter acquisition. “I think it’s an asset that has languished for a long time, but which has an incredible potential. The long-term potential of Twitter is an order of magnitude greater than its current value”, underlined the businessman.


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