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Tesla beats on profit but no Cybertruck, new vehicles this year

The automaker, headquartered in Texas, reported fourth-quarter earnings of $2.88 billion

Tesla China-made Model 3 vehicles are seen during a delivery event at its factory in Shanghai. Photo: Reuters
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Tesla set a record for profit but warned supply chain woes will delay its Cybertruck and other new models even as the electric-vehicle pioneer presses ahead on new plants, full self-driving features and a humanoid robot.
 
The automaker, headquartered in Texas, reported fourth-quarter earnings of $2.88 billion, or $2.54 a share, excluding some items, on strong sales of its mass-market models.
 
Revenue for the quarter grew 65% to $17.7 billion, compared with estimates of $16.6 billion, the company said, with projections for growth “comfortably above 50% in 2022,” executives said. 

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First Published: Jan 27 2022 | 11:47 PM IST

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