Tesla expects to face supply issues in 2022. The auto group expressed that expectation when it published its results for the first quarter of this year. Despite the problems, 2022 is expected to be another record year.
Like other car manufacturers, Tesla is facing delivery problems. Chips are very rare. In addition, it is becoming increasingly difficult to find metals for batteries, such as lithium. Tesla CEO Elon Musk said on Twitter that he was thinking about setting up mines to get supplies.
In presenting the figures, the company stressed that factories have already been under capacity for several quarters. That’s the biggest hurdle for the company right now, it can be read. Despite these challenges, Tesla seems to be in a better position to deal with problems than its peers.
Tesla had previously reported that a record number of more than 310,000 vehicles were produced in recent months. Due to equipment outages, it was an “exceptionally difficult” quarter.
Tesla closed the measurement period with sales of 18.7 billion dollars (more than 17.2 billion euros). That was up from $10 billion a year earlier. Sales were boosted by higher production at factories in Shanghai and Berlin. In Germany, the first cars rolled off the production line in March. In China, lockdowns cause inconvenience. The Chinese factory has now partially restarted.
Profit was $3.3 billion versus $438 million remaining after the first quarter of 2021. Both sales and profits were higher than experts expected.