(ANSA) – NEW YORK, JAN 25 – Tesla is growing in Nevada. Elon Musk’s company is announcing a $3.6 billion investment to expand its factory near Reno to mass produce its electric trucks, as well as two million car batteries a year. The announcement comes as Musk is busy defending himself in court over a 2018 tweet about Tesla’s liquidation, which he said had secured the necessary funds. And it precedes fourth-quarter results, expected for the electric car giant at record levels. In fact, profits are expected to rise 62% to nearly $3.8 billion on revenue up 40% to $24.7 billion. A growth forecast that could help Tesla shares on Wall Street. After the crash of 2022, when it fell by 65% losing 675 billion dollars, Tesla has increased in recent weeks thanks also to the price reduction policy adopted in several markets and which has been able, at least in part, to reassure them. investors and put pressure on rival automakers. Weighing in on Tesla last year was growing competition and especially the acquisition of Twitter by Musk.
An operation that dislodged him from a large electric car company and made him face a lot of criticism that affected his image as a visionary. Musk has made a full-time commitment to relaunching the chirping company, which has been lambasted by many for the billionaire’s policies, including his pursuit of free speech at any cost. The exodus coincides with the exclusion of advertisers who, according to some estimates, spent a 71% discount on ads on the platform in December. (PRESS UP).
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