Tesla had record earnings of $5.5 billion in 2021. Deliveries of the company's electric vehicles soared despite a global shortage of computer chips.
Although the company predicted it would be able to build 50% more vehicles than it made last year, CEO Elon Musk said the chip shortage would stop the company from rolling out any new models in 2022. That means another delay for the Cybertruck pickup, which was originally scheduled to go on sale last year.“We have enough on our plate right now, quite frankly,” he said.And Musk said the company is looking at building additional factories and will offer an update on locations later in the year.
Musk said factory output was constrained last year as the company focused resources on modifying vehicles and manufacturing to deal with the chip shortage and other supply-chain problems that will persist this year. A lot of engineering work and factory tooling are under way to produce the delayed Cybertruck, Semi and a new Roadster, which he said he now hopes to be ready for production next year.
Tesla said it started building Model Y SUVs late last year at its new factory near Austin with more advanced battery cells. After final certification, it plans to start delivering them to customers. The company said it’s testing equipment at its new factory in Germany, and is still trying to get a manufacturing permit from local authorities.
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