Tesla has increased its net profit by almost 8 fold

Tesla's net profit nearly doubled to $ 5.52 billion US by the end of 2021, up 7.7 times from the "only" $ 721 million US a year earlier, setting a new Tesla net profit record.

Last year, the company sold a record 936,000 cars (+ 87%) and earned $ 53.8 billion US (+ 71%).

“Our facilities have been operating at incomplete capacity for several quarters and supply chain problems have been a major limiting factor and this could continue until the end of 2022,” Tesla said in a letter to investors.

However, in the fourth quarter of 2021, the company also indicated positive dynamics: net profit to $ 2.3 billion US (in the 4th quarter of 2020 it amounted to $ 270 million US), revenue - to $ 17.7 billion US (+ 65 %), while car sales boosted by 308.65 thousand units (+ 71%).

In order not only to consolidate, but to leave these results behind, Tesla will not launch any novel products in 2022. Instead, the company will focus on increasing production and increasing shipments by at least 50%.