Elon couldn't help but tout how man Twitter followers he had during his Tesla earnings call.
a whopping 65 percent. All of those factors have led some to question Tesla’s future, although these fourth-quarter numbers might abate at least a few fears.
In an earnings call, Musk addressed questions from both investors and analysts, first downplaying the idea that demand for Teslas was slipping. “Thus far in January we’ve had the strongest orders year-to-date in our history,” Musk said. “We’re seeing orders at twice the rate of production.” And when one investor asked if his Twitter habits were hurting the brand’s image, Musk mused, “Let me check my Twitter account, so I have 127 million followers and it continues to grow rapidly, so it suggests I’m reasonably popular—I might not be popular with some people—but for the vast majority of people my follower account speaks for itself,” adding that he believes his tweeting is a net benefit to Tesla.
In the coming year, the company expects to become more efficient in producing cars, thus pushing its costs down in one respect, but also expects lithium prices to be higher in 2023 than 2022. And there’s concern about the country’s economic outlook and how that will effect sales.Ultimately, Musk is aiming for Tesla to sell 20 million vehicles every year by 2030, which would make it the largest automaker by volume.
That leaves Musk a long way to go, and his recent Tesla woes are simply the EV cherry on top of his rough year . Since buying Twitter in October, much of his focus has been on the social-media company. But he’s planning to find a new CEO for the site, ideally giving him more time to turn his attention toward Tesla, something investors have been asking for.
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