Elon Musk’s firm reported a 71 per cent rise in revenues to $53.8 billion.
New York:
Tesla rode rising demand for electrical autos to a document $5.5 billion revenue in 2021, however cautioned that offer chain issues would proceed to crimp manufacturing via 2022.
Elon Musk’s firm, which scored an 87 per cent bounce in auto deliveries final 12 months despite the worldwide semiconductor scarcity, reported a 71 per cent rise in revenues to $53.8 billion.
However the electrical auto maker mentioned it noticed no rapid aid from provide chain despairs which have hit exercise “for a number of quarters,” it mentioned.
“We plan to develop our manufacturing capability as shortly as attainable,” Tesla mentioned in a information launch that reiterated the corporate’s goal of fifty p.c annual progress.
“The speed of progress will rely on our tools capability, operational effectivity and the capability and stability of the provision chain,” Tesla mentioned.
“Our personal factories have been working under capability for a number of quarters as provide chain grew to become the primary limiting issue, which is prone to proceed via 2022.”
In the latest quarter, Tesla scored a $2.3 billion revenue, up greater than eight instances the year-ago degree as revenues jumped 65 p.c to $17.7 billion.
Tesla has been ramping up manufacturing at factories in California and Shanghai, whereas additionally constructing new services in Germany and Texas.
Tesla mentioned it started constructing Mannequin Y autos in Texas in late 2021, whereas it began tools testing in Germany across the identical time.
“We’re nonetheless within the strategy of finalizing the manufacturing allow from native authorities” in Germany, Tesla mentioned.
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