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Tesla predicts 2022 growth above 50%, despite supply chain challenges

World's most valuable automaker posted record quarterly revenue that beat Wall Street expectations.

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Reuters San Francisco
Tesla Inc on Wednesday forecast vehicle deliveries would comfortably grow by more than 50% year-over-year in 2022 despite persistent supply chain issues that it expects to be alleviated only next year.

The upbeat outlook from CEO Elon Musk came after the world's most valuable automaker posted record quarterly revenue that beat Wall Street expectations.

But the cautious note about supply chain woes showed that even Tesla cannot avoid the shortages that were pitfalls for many larger automakers last year. Shares fell 0.8% after hours.

Tesla, which produced a few cars at its Berlin and Texas factories last year, said scaling up production there

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First Published: Jan 27 2022 | 6:41 AM IST

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