Surge in Plant-Based Alternatives Innovative APAC Innovations and Consumer Interest Set to Hit Shelves in 2025
Tesla is Focusing More on the Volume Than Profit
By Aarti Dhapte , 24 May, 2023
Tesla is leading the market with its electric vehicles. The EV giant witnessed a share price drop of up to 6 percent in overnight trading.
Tesla recently published its first quarter results. After the price cuts by the company of as much as 20 percent, Tesla's CEO strategy of investing in the long-term market shares over a short-term profit has led to a point y-o-y drop in the gross profit margin in the first quarter. It is three points more than expected by the analysts and the lowest since the fourth quarter of 2020.
The company's entire focus is now firmly on volume. According to the reports, the company also reported a quarterly delivery record of 422,875 vehicles which is 36 percent more than the first quarter of 2022. Even after Tesla's impressive rise to prominence in North America, looking at the company's market share worldwide will underscore the reasons behind the drastic uplift in the sales volume at any cost.
The reports say Tesla's home market dominance has only been replicated to a significant degree in Oceania and Australia. And when we take the case of Asia, the Chinese manufacturer Wuling is in the pole position, and on the other hand, Volkswagen is leading in Europe.Tesla Model Y and Model 3 Production Expected to Rise
Latest News
Surge in Plant-Based Alternatives Innovative APAC Innovations and Consumer Interest Set to Hit Shelves in 2025
The Plant-Based Surge: New Meat Alternatives Hitting APAC Shelves Market 2025 is benefitting from an innovation cycle, a change in diet preferences, and sustainability needs. There is an emerging focus from start-ups, universities, and global food…
Recycled Polymers Surge in Global Packaging Demand in 2025
The global packaging industry is projected to have a sharp increase in the consumption of recycled polymers in relation to sustainability goals by 2025. This change is likely caused by regulations, business commitments to sustainability, and advances…
Flexible Packaging Market 2025 Sees Strong Growth Driven by Food Waste Reduction Initiatives
The Flexible Packaging Market’s role in reducing food waste in 2025 is becoming increasingly pivotal as governments, food producers, and packaging companies align around sustainability targets. With global food waste exceeding 1.3 billion tons…
Green Chemistry Update Startups Scale Bio-Based Resin Production in the CnM Market 2025
In 2025, the CnM (Composites and Materials) Market is witnessing a pivotal shift as green chemistry startups accelerate the production of bio-based resins, driven by regulatory pressures and sustainability commitments across industries. The momentum…
Solar Prices Fall by 12% in the first quarter of 2025 Effects on India's Renewable Energy Sector
In the first quarter of 2025, India experienced a remarkable decline of 12 percent in the cost of solar photovoltaic (PV) systems for the first time in history. This is a turning point for the country's renewable energy sector. The improvements in…
Aarti Dhapte
Team Lead - Research
Latest News
Recycled Polymers Surge in Global Packaging Demand in 2025
Flexible Packaging Market 2025 Sees Strong Growth Driven by Food Waste Reduction Initiatives
Green Chemistry Update Startups Scale Bio-Based Resin Production in the CnM Market 2025
Solar Prices Fall by 12% in the first quarter of 2025 Effects on India's Renewable Energy Sector
