02 Feb 2022
5 min read

News Synopsis

Elon Musk in a statement made a few days back stated that TESLA would prioritize deliveries over launching new vehicles this year. His company made staggering earnings but it is no different when it comes to being affected by supply-chain problems. This also stands as a valid reason behind the car manufacturer's decision to prefer delivering models booked earlier than to diversify its lineup by adding new products.The company is aiming to boost deliveries by more than 50% this year. Though the company earned record earnings it is still quite not clear how it going to stand up against its competitors who are expected to launch more than two dozen Electric powered vehicles in America this year, according to Bank of America. Other than announcing that TESLA will be focusing on deliveries, Elon Musk also made another important announcement that the company will lookout for new factory locations this year and would likely make a decision by the end of the year regarding this.


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