Tesla surges to record profits despite industry setbacks
, the effects of which CEO Elon Musk has described as"exceptionally difficult".
Tesla also cites the rising cost of essential production materials as an inhibiting factor and, as a result of these, has repeatedly increased prices of its cars in an effort to preserve margins. But this has not impacted demand and Musk expects a 60% year-on-year sales increase over the course of 2022.
Once again, the brand affirmed its commitment to expansion of its production capacity over the introduction of new models – the long-awaited Tesla Cybertruck and Tesla Roadster, for example, have not been given a concrete launch date – but Musk did provide an update on his plan to launch an autonomous 'robotaxi', previously scheduled to be on the roads by 2020.
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