Tesla Inc. is poised to report near-record quarterly profit as consumers snap up the company’s electric vehicles, though production disruptions in China and inflationary pressures signal a bumpier road ahead.

The world’s largest car company by value is recovering from a shutdown at its Shanghai factory, where work was suspended March 28 because of strict government measures meant to slow the spread of Covid-19.

This post first appeared on wsj.com

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Don’t judge a dog by its cover: New research gives insight into canine behavior

The Labrador retriever has reigned supreme as the most popular dog in…

Toy Retailer Rolls Out Online Shopping for Kids as Young as 3

New York-based toy retailer Camp NYC Inc. is adding an e-commerce feature…

DuPont Plans Deals That Would Remake Company

DuPont de Nemours Inc. is planning deals that would remake the famed…

Leah Remini sues Church of Scientology, says she’s been threatened and subjected to ‘psychological torture’

LOS ANGELES — Actor Leah Remini filed a lawsuit against the Church of…