(AOF) – “I will not sell any more shares (of Tesla) for at least 18 or 24 months”. This is what Elon Musk said yesterday during a conference on a “Space” of Twitter, a week after he admitted to selling for 3.58 billion dollars of shares of his company. The title of the car manufacturer is up more than 1% in precedence on Wall Street: it still lost more than 8% yesterday, more than 21% over 5 days, and more than 64% over twelve months.
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A paradoxical performance
Data from EY highlights that the performance of the world’s top 16 manufacturers was particularly strong in 2021. While the average margin has fallen for three years in a row, from 6.3% in 2017 to just 3.5% in 2020 , this margin stood at 8.5% in 2021. This level is a record for ten years. However, the context was particularly hectic for manufacturers, faced with unprecedented shortages of components. Global sales fell 14% in 2020, the year of the health crisis, to rebound by only 5% in 2021. However, last year, players were able to reap the benefits of their efforts on their fixed cost structure. .