Ever since its inception, Tesla has been held high for its innovative take on cars. The company is known for its sustainable and energy efficient manufacture of electric cars. It is great news for the company to have witnessed an increase in sales double than the previous year. According to Tesla, the scarcity faced by global vehicle companies of computer chips did not affect the company much for they were still able to make 185,000 deliveries of electric cars. Now that is certainly a huge number which is perhaps the reason why Tesla 1Q sales of 185K more than double last year’s numbers has been all the rage in the news.
The company has also left Wall Street behind with its increased sales and most of these aggravation, it owes to the new vehicles manufactured by the company. Despite the year going through a lot of unexpected transitions with the arrival of the pandemic and the world being shut on lockdown, the company has still managed to drive massive sales with its cars that are also heavily priced. However, this high cost did not seem to affect buyers much seeing that the company has been having major success in the sales market.
The tech stocks of Tesla Inc. have witnessed a big run up in the shares market previous year which was not the same this year. This is mainly because the importance of electric vehicles seems to have diminished a bit. In the previous year, Tesla was able to sell 500,000 vehicles which made Elon Musk (CEO) miss his target not by much but still by a bit and the entire world knows how important reaching the target for a successful figure like Elon Musk can be.
However, the first half of this year seems to have favoured the company seeing the comparative increase in sales. Despite the company’s Fremont production being shut down for several weeks in February and March for unknown reasons, the sales still seemed to come through which is indeed, miraculous.
With the President’s announcement and initiative of switching to electric vehicles and the action leading to an increase in the global demand for electric vehicles, this could further lead Tesla to drive even more sales. Since this is an energy-efficient and environment-friendly initiative, it is only natural for people to want to switch to this decision and approve this decision as well. It is always a good decision to side with the environment. As for whether this decision turns out to favour Tesla or not is something that can be answered only by time.
With the advancements in the world and in the field of automobiles, it is interesting to see Tesla always come up with new initiatives and new innovations alike. Given the changes the world is going through right now, it will certainly be interesting to see where Tesla stands in all of this and what the future holds for this innovative company.