Elon Musk's Bada Profit from EV Cars!?

Sindujaa D N
In 2021, Elon Musk's electric car has made a profit of about $ 5.5 billion. tesla has cashed in on a profit of $ 5.5 billion in 2021 due to the increasing demand for electric vehicles. 



Elon Musk's company tesla has warned consumers that due to supply chain problems, there will be a reduction in production till 2022.



Despite the global chip shortage, the electric carmaker jumped 87% in auto deliveries last year, with revenue up 71% to $53.8 billion. However, tesla said that it has not received any respite from the supply chain crisis due to which work is being affected since last quarter.


plans to increase manufacturing capacity

The company issued a news release reiterating its 50% annual growth target, saying that "we plan to increase our manufacturing capacity as soon as possible."



 The rate will depend on our equipment capacity, operational efficiency and the ability and stability of the supply chain. Because the supply chain has become the main reason, this problem may remain till 2022.


Musk said he was pleased with the announcement of the new semiconductor capacity and that it could reduce volatility from late 2022 to early 2023. 



They have decided to postpone the rollout of new products this year. On supply chain issues, he said that the company has started preparing to manufacture the electric pickup 'Cybertruck' and it can be launched by 2023. 


"Tesla's main focus is to grow vehicles," Musk said, adding that if the company had introduced new models in 2021, its overall production would have been lower. Musk had previously discussed introducing a $25,000 electric vehicle, but production was not in an early stage at that time. 



Tesla posted a profit of $2.3 billion in the most recent quarter, eight times higher than last year's level. Let us tell you that during this time the revenue has increased by 65% to $ 17.7 billion. 



Find Out More:

Related Articles: