Tesla’s first-quarter 2022 profit hit a record high; but on releasing the results, Tesla also said that the COVID-19 pandemic has brought significant pressure on the company’s supply chain and factory operations. At present, only a fraction of its companies in certain regions in China have resumed work. Experts in China’s industrial economy research admit…

Billionaire entrepreneur Elon Musk has proposed that Tesla might have to begin mining lithium, a critical element in electric vehicle batteries, given the skyrocketing prices of the chemical element. In 2012, a ton of lithium cost $4,450. A decade later, in 2022, the price surged to $78,032 per ton, an increase of more than 1,650…

Tesla posted record deliveries for the fourth quarter, selling 308,000 cars and surpassing Wall Street estimates as critical vertical integrations and robust supplier relations enabled the automaker to ride out chip shortages that are plaguing most other manufacturers. “We achieved production of more than 305,000 vehicles and deliveries of over 308,000 vehicles. In 2021, we…