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  /  Latest News   /  Tesla is Crumbling! That is Why Musk is Buying Twitter to Regain Power
Elon Musk

Tesla is Crumbling! That is Why Musk is Buying Twitter to Regain Power

It seems that Elon Musk must have some ulterior move for buying Twitter

Elon Musk, Founder and CEO of Tesla Inc and SpaceX lately purchased Twitter, the micro-blogging social media platform for a whopping Qu of US$44 billion. The transfer is seen as a step to diversify his enterprise pursuits that now span from making electrical automobiles to sending rockets to Mars and even digging tunnels for quick transportation. 


But, why buy Twitter?

Sure, Elon Musk is greater than energetic on the platform, generally making main bulletins on it. However, that does not imply he can simply go and personalize such a platform! There is not any motive Musk has given, but we’re correlating the growing competitors within the house of electrical automobiles to his current takeover of Twitter as a transfer to offset the longer-term losses in Tesla (it is far-fetched however plausible concept). Within a few years, Tesla will face sturdy competitors from conventional automakers like Volkswagen, Toyota, and Stellantis, which launched their formidable car electrification plans a final year, a brand new report stated. Although it is going to be troublesome for them to overhaul Tesla’s gross sales any time quickly, Tesla will witness a discount in its share throughout main markets, in accordance with Counterpoint Analysis. Throughout Q1 2022, the corporate delivered greater than 300,000 items of automobiles, a rise of 68 percent (YoY). Tesla has additionally begun deliveries to automobile rental service supplier Hertz in opposition to its enormous 100,000-vehicle order, which can be a motive for prime car manufacturing and supply throughout the quarter.

The urge to realize L4 autonomy by the top of 2023 and to roll out robotaxis by early 2025 generally is the main motive for Tesla’s large R&D spending. In addition, Tesla is also conducting analysis on creating new battery chemistry. The hovering costs of some key battery elements like nickel and lithium have put the auto OEMs in a spot. Most EV makers across the globe have been pressured to boost costs by a number of thousand dollars to deal with the rising costs of battery-related uncooked supplies. After Tesla’s Shanghai plant turned operational, the corporate’ gross sales boomed globally, particularly in China. In 2021, China remained its prime market adopted by the US and Europe. Aside from car gross sales, Tesla has a powerful community of charging stations and insurance coverage companies. Until Q1 2022, Tesla had 3,724 superchargers and 33,657 supercharger connectors worldwide. Maintaining parity with car gross sales and income progress, Tesla’s gross revenue throughout Q1 2022 reached US$5.4 billion.