Tesla final quarter delivered a document variety of automobiles to prospects regardless of provide chain points.
AFP by way of Getty Photos
Tesla posted document quarterly income Wednesday that beat Wall Road estimates, however stated it anticipated provide chain points to proceed by way of this yr.
The inventory fell 2.7% in after-hours buying and selling.
Income rose to $17.72 billion within the fourth quarter, from $10.74 billion a yr earlier. Analysts had anticipated the electric-vehicle maker to report income of $16.57 billion, in line with IBES information from Refinitiv.
The world’s most respected automaker final quarter handed over a document variety of automobiles to prospects regardless of provide chain headwinds.
“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 more likely to proceed by way of 2022,” Tesla stated in a press release.
Tesla stated on Wednesday that its new manufacturing unit in Austin, Texas, began manufacturing of its Mannequin Y late final yr, saying it plans to start out deliveries to prospects after last certification, with out elaborating on the timeframe.
It stated it goals to maximise output from its California manufacturing unit past 600,000 automobiles per yr.
Tesla has fared higher than most automakers in managing provide chain points through the use of much less scarce chips and shortly re-writing software program.
Tesla faces challenges of scaling up manufacturing at two new factories this yr with know-how modifications in addition to battery and different provide chain constraints clouding the outlook.
It faces rising competitors from rivals who're set to launch an array of electrical vehicles, from extra inexpensive fashions to electrical pickups.
Post a Comment