On Wednesday, Tesla Inc predicts that its annual supply will grow by more than 50% year-on-year by 2022 despite the supply chain problems that it says will continue this year and reduce the production of electric vehicles. Positive feedback from CEO Elon Musk sent up 1.6% shares after hours and came after the world’s most valuable car company posted a
But a cautious note about the supply chain woes showed that even Tesla could not avoid the deficit that was a snare to many of the major car manufacturers last year. And Tesla has the added challenge of opening two new factories this year with chips and other missing parts as well as new batteries and technologies to be introduced.
Musk said Tesla will not be introducing new models this year but hopefully will launch Cybertruck, Semi, and Roadster next year.
Revenue rose to $ 17.72 billion in the fourth quarter, up from $ 10.74 billion last year. Analysts expected the electric car manufacturer to report $ 16.57 billion, according to IBES data from Refinitiv. Tesla has performed better than most automaker manufacturers in managing supply chain issues through the emerging small chips and fast rewriting software. The car manufacturer last quarter provided customers with a record number of vehicles despite the wind.
“Our factories have been operating under a few quarters as procurement has become a limitation, which is likely to continue until 2022,” Tesla said in a statement. Tesla said on Wednesday that its new factory in Austin had begun producing the Model Y late last year, adding that it plans to begin delivering to customers as soon as it receives the final certificate.
“The pace of production in Austin and Berlin will be influenced by the successful launch of many new products and manufacturing technologies in new environments, the ongoing challenges related to procurement, and regional permits,” Tesla said.
It faces increasing competition from competitors designed to introduce a range of electric vehicles, from affordable models to electric vehicles.
Musk said he expected Tesla cars to be able to drive themselves this year. Currently, people need to sit behind the wheel to drive a car if needed.
The number of fully automatic beta vehicles in the United States has increased to nearly 60,000, from a few thousand at the end of September. Tesla was testing an improved version of its automated driving software on public roads but said features did not make cars standalone.
$ 4.09 billion Tesla’s pre-adjusted interest rate, tax, depreciation, and amortization (EBITDA) exceeded the consensus estimate of $ 3.89 billion, according to Refinitiv. That seemed justified for Musk to receive another option payment under his 2018 compensation package.
Quarterly profits took $ 340 million in taxes related to Musk’s exercise options related to his 2012 compensation package. Profits also showed an increase in the cost of goods, assets, and liabilities and the costs associated with warranties and recall. Tesla remembers more than 475,000 Model 3 and Model S electric vehicles to deal with camera and trunk problems that increase the risk of crashes.
Tesla said his Texas factory this quarter would bring its first 4680 batteries equipped with next-generation batteries made in California as planned.
Musk said he expected Tesla cars to be able to drive themselves this year. Currently, people need to sit behind the wheel to drive a car if needed.
“I would be shocked if we did not fully drive ourselves, we are safer than anyone this year,” he said.
The number of fully automatic beta vehicles in the United States has increased to nearly 60,000, from a few thousand at the end of September. Tesla was testing an improved version of its automated driving software on public roads but said features did not make cars standalone.
$ 4.09 billion Tesla’s pre-adjusted interest rate, tax, depreciation, and amortization (EBITDA) exceeded the consensus estimate of $ 3.89 billion, according to Refinitiv. That seemed justified for Musk to receive another option payment under his 2018 compensation package.
Quarterly profits took $ 340 million in taxes related to Musk’s exercise options related to his 2012 compensation package.
Profits also showed an increase in the cost of goods, assets, and liabilities and the costs associated with warranties and recall. Tesla remembers more than 475,000 Model 3 and Model S electric vehicles to deal with camera and trunk problems that increase the risk of crashes.
