Tesla beats on earnings and revenue, says supply chain issues were 'main limiting factor'

The automaker said supply issues will likely persist in 2022, even as income jumped more than 700% in the fourth quarter.

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Net income, at $2.32 billion, was up some 760%, and Tesla said it had a 27.4% gross margin, compared with 26.6% in"Our own factories have been running below capacity for several quarters as supply chain became the main limiting factor, which is likely to continue through 2022," the company said. CEO Elon Musk and other execs are expected to give a progress update on the company's long-delayed heavy duty Semi truck, experimental Cybertruck pickup, and plans for driverless vehicle systems and a $25,000 compact car.

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