The Roadster is Tesla and Elon Musk’s new cash machine

There is no doubt that Tesla (TSLA) – Get the Tesla Inc report dominates the electric vehicle market.

The Austin-based automaker produced 305,407 vehicles in the first quarter and delivered 310,048 despite supply chain disruptions and Russia’s invasion of Ukraine, which has worsened soaring material prices raw like nickel.

CEO Elon Musk’s group is expected to exceed one million vehicles produced in 2022, industry sources anticipate. It would be a record for the company.

Meanwhile, GM (GM) – Get General Motors company report and Ford (F) – Get Ford Motor Company report between them, they delivered just over 7,100 electric vehicles in the first quarter. Rivian, Upstart Rival (SHORE) – Get the Class A report from Rivian Automotive, Inc. delivered 1,227 vehicles in the first three months.

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