Sunday, June 26, 2022
HomeBig DataTesla quarter might hinge on China manufacturing facility, provide chain prices

Tesla quarter might hinge on China manufacturing facility, provide chain prices




By Hyunjoo Jin
SAN FRANCISCO (Reuters) – Investors will be closely watching Tesla's quarterly results on Wednesday for indications of its performance in China, where the electric carmaker has posted robust sales in the face of negative publicity and a host of new domestic competitors.
The company headed by billionaire entrepreneur Elon Musk is expected to report a jump in revenue driven by record global deliveries in the July to September period.
While it has weathered the chip crisis better than rivals, some investors are concerned supply-chain issues could increase costs and weigh down margins.
The upside could come from Tesla's Shanghai factory, which has surpassed the company's factory in Fremont, California in terms of production, and has cut costs with the use of more Chinese parts including batteries.

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