Volkswagen ID.Buzz and ID.Buzz Cargo German pricing and spec revealed

More

Fully Electric Genesis GV60 Arrives in the United States, starts at MSRP of $58,890

More

2023 Cadillac Lyriq priced at $62,990, offers EPA-estimated 312 miles range

More

New Range Rover Sport debuts with new minimalist look, gets new PHEV powertrain

More

Truemag

  • Electric Car News
  • Electric Car Reviews
  • Plug-in Hybrids
  • Technology
  • Home
  • About Us
  • Privacy Policy
  • Advertise
  • Charging Map

Tesla posts record earnings as EV deliveries soar, expects 50% grow despite supply chain problems

Tesla posted record fourth-quarter and full-year earnings in what it called a “breakthrough year”, despite supply chain problems.

In the final three months of 2021, Tesla generated $17.72 billion in revenue, $16.0 billion of which came from its vehicle business. From that total, Tesla’s Q4 saw net income of $2.32 billion and earnings per share of $2.05. On an adjusted basis, the company earned $2.54 per share.

Tesla EV sales rocketed 87% in 2021, as it delivered more than 936,000 vehicles to customers. The Austin, Texas-based company made $US5.5 billion last year compared with the previous record year of $3.47 billion in net income posted in 2020. It was the Tesla’s third straight profitable year.

Although the company predicted it would be able to build 50 percent more vehicles than it made last year, CEO Elon Musk said on the company’s earnings call that he expects Tesla to remain “chip-limited” in 2022. Instead of new models, Tesla is focused on producing more of the existing models in 2022.

“We will not be introducing new vehicle models this year. We will still be parts constrained.” He said the company would instead work on engineering and tooling to create those future vehicles.

The CEO also said the company is not currently working on a $25,000 compact electric vehicle, contrary to announcement at a Tesla Battery Day presentation in 2020. “We’re not currently working on the $25,000 car. At some point we will. We have enough on our plate right now. Too much on our plate, frankly,” Musk said.

Jan 26, 2022Blagojce Krivevski
Ford e-Transit orders hit 10,000 electric vansBentley accelerates Beyond100 strategy – Launching five new electric cars from 2025
You Might Also Like
 
Tesla Model S Surpass One Billion Electric Miles
 
2012 Tesla Roadster Updated for Europe, Asia and Australia
Blagojce Krivevski

Blagojce Krivevski is physicist and green technology lover. Keep in touch with Blagojce through his email, web site, Twitter, Linkedin, Facebook and Google+.

January 26, 2022 Electric Car Newstesla, tesla motors
Follow Us
  • facebook
  • twitter
  • google-news
  • linkedin
  • youtube
  • instagram
  • feedburner
Recent News
Polestar reduces greenhouse gas-emissions by 6% per car
May 22, 2022
Hyundai Motor Group to invest $5.54 billion to build EV, battery facilities in the U.S.
May 21, 2022
Volkswagen joins forces with “Obi-Wan Kenobi” for the launch of the new all-electric ID. Buzz
May 21, 2022
Nissan unveils Sakura all-electric minivehicle in Japan
May 20, 2022
All-electric Freightliner eCascadia enters series production in North America
May 20, 2022
About
ElectricCarsReport.com ElectricCarsReport.com is a website dedicated to pure electric vehicles and the full range of consumer information and tools about electric cars, green technology energy, and the environment.
Latest News
Polestar reduces greenhouse gas-emissions by 6% per car
May 22, 2022
Hyundai Motor Group to invest $5.54 billion to build EV, battery facilities in the U.S.
May 21, 2022
Volkswagen joins forces with “Obi-Wan Kenobi” for the launch of the new all-electric ID. Buzz
May 21, 2022
Subscribe

Sign up for our newsletter to receive the latest news and event postings.

Get in touch

Email: [email protected]

Archives
  • facebook
  • twitter
  • google-news
  • linkedin
  • youtube
  • instagram
  • feedburner
DMCA.com
2021 © ElectricCarsReport.com | All Rights Reserved.