RIYADH: Tesla Inc. said it will not introduce new models to the market in 2022 due to supply chain issues. The news emerged as the electric vehicle manufacture revealed its earnings beat analysts’ estimates in its latest quarterly results. Global supply chain issues amid COVID-19 restrictions led to shortages, increased inflation and affected businesses all over the world. “Our own factories have been running below capacity for several quarters as supply chain became the main limiting factor, which is likely to continue through 2022,” Bloomberg reported, citing the automaker. Headquartered in Austin, Texas, Tesla will divert its focus this year to expanding production of its current lineup, according to Bloomberg. Accordingly, the long awaited Cybertruck will have to wait until at least 2023 to be launched, chief executive officer Elon Musk said. Nevertheless, this year, full robotic car features will launch soon, as a “Model Y” is currently being manufactured by the carmaker with 4,680 battery cells, he revealed. Also, a humanoid robot, referred to as Optimus Human Robot, is seen accelerating in terms of development, potentially tackling labor shortage in the near future, he added. The fourth quarter of 2021 revealed earnings for Tesla of $2.88 billion, standing at $2.54 per share. This represented an $0.18 increase in share compared to analysts’ estimates of $2.36 per share, according to Bloomberg. In 2021, Tesla delivered around 936,000 cars, representing a 87 percent surge than a year earlier.
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