Tesla Warns Supply Chain Issues Will Continue Throughout 2022
Tesla has explained that it expects supply chain issues to continue to affect the company and its ability to produce electric vehicles for the remainder of this year. Shortages have been a constant issue in recent years due to the implementation of various pandemic lockdowns in various countries. While there have been signs that supply problems might be starting to ease in 2022, more recent outbreaks and world events have raised new concerns.
The technology sector has particularly been affected by the shortages with everything from smartphones to electric vehicles impacted. Even more recently, the EV market has seen additional pressures on demand due to the rising cost of gas. In Tesla’s case, rising gas prices resulted in a significant increase in orders for the company’s Model line of electric vehicles. Another knock-on effect appears to have been the multiple price increases that Tesla has implemented recently.
Related: Tesla Owner Says His Car’s Computer Froze At 83 MPH
Tesla’s latest quarterly earnings report confirmed strong production and delivery figures during the first three months of 2022. However, the company did also explain the impact of shortages and took the opportunity to point out that it doesn't expect the situation to meaningfully change this year. According to Tesla, in addition to the impact of the global supply chain pressures in the first quarter, the company also encountered challenges in transportation, labor and manufacturing in general. All of which resulted in “limiting our ability to run our factories at full capacity,.” After explaining how its factories “have been running below capacity for several quarters,” Tesla, added this “is likely to continue through the rest of 2022.”
In spite of
Read more on screenrant.com
