Tesla foresees annual deliveries growth of more than 50 percent in 2022 despite of supply chain issues and limited electric vehicle production.

According to the reports, the upbeat outlook from CEO Elon Musk sent shares up 1.6 percent after hours and came after the world's most valuable automaker dispatches record quarterly revenue that beat Wall Street expectations.

Reports suggest that Tesla cannot avoid the shortages that were downsides for many larger automakers last year. Tesla has the additional challenge of opening two new factories this year with chips and other parts in short supply and new batteries and technologies to be introduced.

Musk says, “Tesla would not introduce new models this year, but hopefully would launch its Cybertruck, Semi and Roadster next year.”

According to IBES data, revenue increased to $17.72 billion in the fourth quarter, from $10.74 billion a year earlier and expects electric-vehicle maker to report revenue of $16.57 billion.
Tesla is the best automakers in managing supply chain issues by using less scarce chips and quickly re-writing software. The automaker’s last quarter handed over a record number of vehicles to customers despite supply chain headwinds.

Company’s 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.

New factory in Austin has started production of Model Y late last year, and plans to start deliveries to customers soon after final certification, as per reports.

According to the reports, company aims to maximize output from its California factory beyond 600,000 vehicles per year.

The pace of production ramps in Austin and Berlin which is influenced by the successful introduction of many new product and manufacturing technologies in new locations, ongoing supply-chain related challenges and regional permitting.

Musk says, “Tesla's vehicles to achieve full self-driving capability this year. Currently humans are required to sit behind the wheel to drive the car if needed.”