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Despite the chip crisis, Tesla achieves record sales
Tesla defied the chip crisis and greatly increased its earning power. The operating profit amounted to 4.09 billion US dollars in the fourth quarter, the electric car maker announced on Wednesday after the market closed. This is an increase of 121 percent compared to the previous year. Revenue climbed 65 percent to a record $17.72 billion. The company thus clearly exceeded the expectations of the analysts. However, Tesla warned in its report that global supply chain issues are likely to persist throughout the year and weigh on EV production. Tesla shares are up 1 percent in after-hours trading after initially falling. At the beginning of January, the US group announced that it would be delivering more than 300,000 electric cars to customers in the fourth quarter. The sixth most valuable company in the world thus left the forecasts of the experts behind. Company boss Elon Musk regularly drives his employees to top performance at the end of the quarter in order to increase deliveries. The world’s largest electric car manufacturer already shone last year with a series of quarterly records.
The operating profit amounted to 4.09 billion dollars in the fourth quarter, the electric car maker announced on Wednesday after the market closed.