Elon Musk stated in January that Tesla’s volume growth will grow by 50% more than last year. It would mean Tesla targets 1.4 million vehicle deliveries this year. Recently Tesla’s most crucial production in China, Giga Shanghai was shut down. This brings uncertainty to reaching its 2022 deliveries as planned.
Tesla reports quarterly results and analysts are also asking whether CEO Elon Musk will discuss his $43 billion proposal to buy Twitter. This brings the question, of whether 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 likely to have weighed on its first-quarter earnings, analysts said. Musk said in January that Tesla’s volume growth would comfortably exceed 50% from last year, meaning that Tesla expects to deliver more than 1.4 million vehicles this year.