Elon Musk is trying to take over Twitter. Meanwhile, Tesla's China production lines have been halted.
Meanwhile, Musk has been consumed in recent weeks with a surprise push to take over the social media platform he uses for company announcements and communicating with his more than 82 million followers.Analysts and investors have expressed concern that Musk is stretched too thin — not only by the demands of Tesla, which has opened multiple new factories in recent weeks, but other responsibilities as CEO of rocket builder SpaceX and several smaller companies.
“This was an *exceptionally* difficult quarter due to supply chain interruptions & China zero Covid policy,” he wrote. “Outstanding work by Tesla team & key suppliers saved the day.”Tesla said at the time that it delivered more than 300,000 vehicles in the quarter, the first of 2022, positioning its numbers as a strong result “despite ongoing supply chain challenges and factory shutdowns.”
Analysts expect Tesla to report strong first quarter numbers, but those will largely be a footnote as the company faces questions over how the China closure will affect its year. Tesla has called the Shanghai factory its main export hub, making it a critical site for the carmaker that is largely credited with ushering in the era of electric vehicles.
Over the course of a decade, Tesla went from a niche automaker delivering tens of thousands of vehicles to 936,000 in 2021. Along the way, it has faced profitability concerns, regulatory fights and production challenges that posed massive hurdles for Musk.Already Tesla buyers are waiting in some places for more than six months to get their new vehicles, analysts said. Those wait times could remain as the China closure could cut into Tesla’s production by as many as 50,000 vehicles in the next quarter.
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