Tesla's sales increased by 41.6% and operating profit by 87....

Tesla's sales increased by 41.6% and operating profit by 87.8% in the 2nd quarter of the fiscal year ending 2022/12. Sales and profit increased drastically compared to the previous year, but sales and profit declined compared to the current 1Q due to the Shanghai lockdown from late March to the end of May. However, it seems that production and shipment volumes have rapidly recovered since June.
From the current 3rd quarter, sales and profit are expected to increase compared to the previous fiscal year due to an increase in production and shipment volume. Price increases have been implemented in response to high raw materials, and this effect is also likely to occur. The increase in the operating rate of both new plants in Berlin and Austin (Texas) has been delayed, but improvements can be expected in the future. The target stock price for the next 6 to 12 months will be lowered from the previous 467 dollars to 410 dollars in consideration of rising interest rates, but I feel that investment will continue to be favorable in the medium to long term. $Tesla(TSLA.US)$