Tesla's 2022 Growth Potential Is Significant To Say The Least

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Posted on EVANNEX on December 18, 2021, by Matt Pressman

This year was filled with challenges for the vast majority of the auto industry. The pandemic continues, supply chain woes haven’t slowed down, and chip shortages are plaguing most automakers. Meanwhile, Tesla has battled on — as it always does. Looking ahead, 2022 could continue to present challenges. Will Elon Musk and Team Tesla be ready?

According to Claudia Assis at Marketwatch, “Tesla Inc. is looking at a busy 2022, when the electric-vehicle maker is slated to open new factories and launch its much-awaited [Cybertruck].” And Tesla’s investors should also plan for growth. “Wall Street consensus is calling for a more than 40% jump in profit in the next year,” according to FactSet.

Compared to most traditional automakers, Tesla has weathered the chip crisis “extremely well,” explains Michelle Krebs, an analyst with Cox Automotive. “Tesla has got a super strong brand, and they’ve been first in so many things.”

Manufacturing breakthroughs like the company’s “Giga Press” should help expedite production next year as well. The company’s CEO, Elon Musk, has repeatedly stated that Tesla’s biggest advantage in the future will be in manufacturing.

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