The Share Price for Tesla Dropped More Than 20 % This Year

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The company yesterday said that supply chane issues are actually going to weigh on the company throughout 20 22. Right after that, the share price for tesla dropped more than five %. So i think what spooked investors was, one, there wasa amiss on a net income. But wall street sort of got of itself and projected two point five five billion dollars.

Tesla reported a record net profit of $2.3bn last quarter but warned of supply chain constraints and the Federal Reserve signalled its intention to raise interest rates in March. Plus, the FT’s China correspondent, Ed White, talks about China’s vaping queen and her company's stock price which went up in smoke this week.

Mentioned in this podcast:

Tesla reports record profit but warns of constraints on supply chain

Fed signals March rate rise as it fights rampant inflation

China’s vape queen hit by Beijing investigation

Apple reclaims top smartphone spot in China

The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.

Read a transcript of this episode on FT.com

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