Tesla reports record earnings, but there are supply chain issues in 2022

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San Francisco – Tesla Supply chain problems were expected to continue this year after recording record quarterly revenues above Wall Street estimates on Wednesday.

In after-hours trading, stock prices fell 2.7%.

Fourth-quarter revenue increased from $ 10.74 billion in the previous year to $ 17.72 billion. Analysts expected electric vehicle manufacturers to report $ 16.57 billion in revenue, according to Refinitiv’s IBES data.

The world’s most valuable automakers delivered a record number of vehicles to their customers in the last quarter, despite supply chain headwinds.

“The supply chain is the main limiting factor and is likely to continue until 2022, so our factories have been below capacity for several quarters,” Tesla said in a statement.

Tesla said Wednesday that a new plant in Austin began production Model Y At the end of last year, he said that after the final certification, he plans to start delivering to customers without explaining the time frame in detail.

The company aims to maximize annual production from its California plant by exceeding 600,000 units.

Tesla is far superior to most automakers in managing supply chain issues by using less scarce chips and quickly rewriting software.

This year, Tesla faces the challenge of expanding production in two new plants as well as technology changes. battery And other supply chain constraints are clouding the outlook.

Faced with intensifying competition with rivals who are planning to launch a series of services Electric carFrom more affordable models to electric pickups.

Tesla reports record earnings, but there are supply chain issues in 2022

Source link Tesla reports record earnings, but there are supply chain issues in 2022

The post Tesla reports record earnings, but there are supply chain issues in 2022 appeared first on Eminetra.

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