Tesla said on Wednesday that supply chain problems are likely to continue this year after reporting record quarterly revenue that beat Wall Street estimates. Shares were down 2.7% in post-trade trading.
Revenue rose to US$17.72 billion (R$96.39 billion) in the fourth quarter, up from US$10.74 billion (R$58.42 billion) a year earlier. Analysts had expected the electric vehicle maker to report revenue of $16.57 billion, according to Refinitiv data.
The world’s most valuable automaker has delivered a record number of vehicles despite setbacks in the supply chain.
“Our factories have been running below capacity for several quarters as the supply chain has become the main limiting factor, which will likely continue into 2022,” Tesla said in a statement.
Tesla said its new Austin factory began production of the Model Y in late 2021 and that it plans to begin deliveries after final certification, without specifying a timeframe.
The company said it aims to maximize production at its California plant to more than 600,000 vehicles a year.
Tesla has done better than most automakers at managing supply chain issues, using less scarce chips and tweaking software quickly.
Tesla faces challenges of ramping up production at two new factories this year with technological changes as well as restrictions on battery supply and other supply chains.
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