Tesla profited a record $5.5 billion in 2021 on surging demand for electric vehicles, but Elon Musk’s business warned Wednesday that supply chain issues will continue to impede production through 2022. Despite a global semiconductor scarcity, the electric carmaker increased car deliveries by 87 percent last year and claimed a 71 percent increase in revenue to $53.8 billion. Musk has previously mentioned the introduction of a $25,000 electric vehicle but has stated that this product is not currently on the table. Musk cited supply chain challenges as a role in deferring new product rollouts this year, adding that the business will conduct engineering on its “Cybertruck” electric pickup with a likely debut in 2023.
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