Electric cars

Tesla gets a big win that can cost legacy automakers millions

Elon Musk and Tesla drop a trick that boosts margins and revenue

You’re here (TSLA) – Get the Tesla Inc report dominates the electric vehicle market, and its lead is likely to grow. Indeed, the maker of the Model 3 sedan and Model Y SUV is one of the few automakers able to meet demand in the face of supply chain disruptions and rising commodity prices such as nickel, aluminum and palladium.

The automotive group will officially open its fourth production plant, in Austin, on April 7. This would allow it to produce just over 1.42 million vehicles in 2022 against 930,442 in 2021estimate from industry sources.