Tesla sped past Wall Street estimates for quarterly revenue, Wednesday, but warned supply
chain issues could continue through this year.
Despite the challenges, Tesla handed over a record number of vehicles to customers in
the last quarter.
Revenue rose to $17.72 billion in the fourth quarter, from $10.74 billion a year earlier.
The electric carmaker has not been as affected by a hampered supply chain as other auto competitors
have…
But - in a statement Tesla said (quote) "Our own factories have been running below capacity
for several quarters as supply chain became the main limiting factor, which is likely
to continue through 2022.”
Shares of Tesla fell in extended trading.
The company also said on Wednesday that its new factory in Austin has started production
of Model Y late last year, with plans to start deliveries to customers after final certification.
It said it aims to maximize output from its California factory beyond 600,000 vehicles
per year.
That goal comes as Tesla – the world's most valuable automaker – faces rising competition
from rivals who are set to launch an array of electric cars, from more affordable models
to electric pickups.