Hyperdrive

Tesla Drops as Musk Delays Models Due to Supply-Chain Woes

Cybertruck, Semi, Roadster ‘hopefully’ ready in 2023, CEO says
Automaker’s production in 2022 focused on Model Y and 3

WATCH: Dan Ives, managing director and senior equity research analyst at Wedbush Securities, discusses the prospects for Tesla Inc.Source: Bloomberg

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By Dana Hull, Sean O'Kane and Gabrielle Coppola

January 26, 2022 at 9:20 PM UTC

Updated on

January 27, 2022 at 3:35 PM UTC

This article is for subscribers only.

Tesla Inc.’s shares fell after the company pushed back introductions of new models to next year, wagering the best way to continue expanding sales in the face of supply-chain challenges will be to further leverage a narrow lineup of big sellers.

The world’s most valuable automaker will focus on scaling up production in 2022 to follow up what Chief Executive Officer Elon Musk called a breakthrough year both for Tesla and electric cars in general. Relying on just two vehicles -- the Model 3 and Y -- for 97% of deliveries helped alleviate challenges led by the semiconductor shortage crimping output across the car industry.