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Tesla Is Witnessnessing Exponential Growth As Gas Gets Costlier – $TSLA

By John F. Heerdink, Jr.

Reportedly, as gas prices are surging higher and faster than before, EV giant Tesla (TSLA) is believed to be experiencing an in concert surge in sales. Three Tesla models topped the list of BEV sales in the US in January, with Model Y registrations at 18,549 (36.8% of all BEVs) and Model 3 at 13,604 (27% of all BEVs). Ford Mustang Mach-E sales fit into the 4th slot with 2,781 registrations, behind the Tesla Model S’ 3,903. Tesla was already struggling to keep up with the demand for its vehicles, and it has been raising prices and pushing back estimated delivery times on a regular basis over the last year or more. Tesla is still operating out of the same two factories in California and Shanghai it has been relying on for years, amid a global pandemic, a chip shortage, and other related supply chain issues.

Once Tesla’s factories in Texas and Germany are officially online, it should help with the demand issues, however, it will likely take Tesla several months to ramp up production, also, particularly when the supply chain issues aren’t expected to end soon. According to sources at Electrek the automaker is expecting a 100 percent increase in new orders in areas of the US most impacted by the rising gas prices.

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(Read Original Story: Tesla Reportedly Sees 100% Increase In Orders In Some Areas Of US in InsideEVs)


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