"Recent COVID-19 outbreaks have been weighing on our supply chain and factory operations," Tesla said. "Furthermore, prices of some raw materials have increased multiple-fold in recent months. The inflationary impact on our cost structure has contributed to adjustments in our product pricing."
Musk took time to thank suppliers who he said "have really worked day and night to ensure that Tesla is able to keep the factories running." And he said the company should be able to produce 1.5 million vehicles this year, a bit better than a 50% increase from its 2021 output. , up 34% from three years ago. Musk said Tesla must raise its prices in the face of higher raw material costs.
Although Tesla has resumed normal production, but more lockdowns are expected in China due to 'pandemic'.
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