Tesla Records Historic Performance Last Year... "Supply Chain Issues Persist This Year"

[Image source=AP Yonhap News]

[Asia Economy Reporter Jeong Hyunjin] Tesla, which achieved record-breaking performance last year, forecasted that the supply chain disruptions affecting the global automotive industry are expected to continue into this year.

According to the Wall Street Journal (WSJ) and others on the 26th (local time), Tesla announced its Q4 and full-year results for last year, revealing this outlook. Tesla's revenue for last year was $53.8 billion, with an operating profit of $5.5 billion. This represents a 70.8% increase in revenue and a 662.8% increase in operating profit compared to 2020, when revenue was $31.5 billion and operating profit was $721 million.

The total number of vehicles delivered worldwide last year was 936,172, an 87% increase from 499,647 units in 2020. Despite the global semiconductor shortage impacting the automotive industry, Tesla appears to have maximized production capacity, significantly increasing vehicle deliveries compared to 2020.

However, Tesla expressed concerns that supply chain issues will continue to significantly impact the automotive industry this year as well. Tesla stated, "Supply chain issues are acting as a major limiting factor, causing our factories to operate below production capacity for several quarters, and this is expected to continue this year." CNBC reported that Tesla's stock price fell about 2% in after-hours trading following Tesla's comments on supply chain issues.

During the earnings conference call, Tesla is expected to announce its new product roadmap. Elon Musk, Tesla's CEO, is anticipated to present it personally. CNBC forecasted that CEO Musk will provide updates on the prototype Cybertruck, the large Semi truck, and the autonomous vehicle system, which he recently posted about on Twitter.

This content was produced with the assistance of AI translation services.