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IPFS News Link • Science, Medicine and Technology

Chip Shortages into 2023 Part of a Perfect Storm Sweeping Away Old Car Companies

• arclein

By the time regular carmakers are back to "normal" they will be facing a Tesla in January 2024 that has made and sold over 2 million cars in 2022 and 4 million cars in 2023. A Tesla making over 1 million cars per quarter will be making $50 billion of auto revenue with $18 billion of gross profit. This should be $60 billion of net income in 2023. Tesla will make about 20% more non-car related revenue like energy storage, insurance and solar.


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