Fourth quarter earnings increased by 65% for the automaker year over year.
Even amid all that good news, there are potential clouds on the horizon for the brand. Tesla warned that it expects supply chain issues to persist through 2022,. Last year, the company was able to able to deal with the computer chip shortage that drastically affected automakers throughout the industry by changing the chips it used. It remains to be seen how long this approach can work, especially since the brand wants to increase sales by 50 percent this year.
“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,” the company said in a statement to investors. Because Tesla will remain “chip-limited” for at least another year, CEO Elon Musk said the company will not introduce any new vehicles in 2022, including the long-gestating
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