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Automobiles

Tesla sees supply chain woes stretching through 2022

EV maker holds off Cybertruck launch as factories continue to operate below capacity

Tesla still expects to achieve 50% annual growth in vehicle deliveries "over a multiyear horizon," it said on Wednesday.   © Reuters

SAN FRANCISCO/NEW YORK -- Tesla said on Wednesday that supply chain constraints holding back production at its factories in Shanghai and California would persist "through 2022" and delay the launch of new models. 

"In 2022, supply chain will continue to be the fundamental limiter of output across all factories," CEO Elon Musk said in a call to discuss the company's earnings. "So the chip shortage, while better than last year, is still an issue."

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