san francisco The electric car manufacturer Tesla has also increased its profit thanks to price increases. In the past quarter, the bottom line was $2.26 billion, compared with $1.14 billion a year ago, the group announced on Wednesday after the US stock market closed.
Tesla has raised the prices of its vehicles several times this year. Among other things, this should compensate for higher costs for lithium, which is used in the batteries, and for aluminium. Tesla shares gained around 4 percent in after-hours trading.
Revenue fell to $16.93 billion from $18.76 billion in the second quarter, below analysts’ expectations. This ended a string of record sales as Tesla had to temporarily close its Shanghai plant due to a lockdown. There were also production problems in new plants.