Vitesco Technologies has published its 2021 earnings and the focus on 800-Volt technology was paying off. E-mobility products made up almost half of their revenue last year. The news also saw the company announcing another major order worth around two billion euros for its latest electric drive system.
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The latest Tesla earnings call reveals a tenfold increase in net income as Tesla made over one billion dollars after expenses. The company also continues to produce at capacity, amid persisting global challenges and record demand for electric cars.
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It seems like it is becoming a regularity – Tesla reporting a profit. Q4/2020 was no different only investors had perhaps become a little too used to being in the black with high gains so shares jumped not as much as they could at this turning point.
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Tesla just published its quarterly earnings and despite the crisis-shaken last part of Q1, the company reports a profit. It is the third consecutive quarter in which Tesla is in black, this time with 16 million dollars.
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Competing for the top of the battery value chain comes at a cost as the latest earnings of both CATL and Panasonic show. While China’s cell making powerhouse reports a plus 60% in revenue, their profit fell. Panasonic paints a similar picture and in both cases, investments are weighing heavy – for now.
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