Image source, ReutersDespite supply chain problems, the sales of the company will grow by more than 50% in the years to come.
Last year, the electric carmaker recorded a record $5.5 billion in earnings.
More than 936,000 vehicles were delivered to customers as sales at the firm rocketed.
The firm warned that supply chain issues affecting carmakers would limit its manufacturing capacity.
Mr Musk said that it was a breakthrough year for electric vehicles.
While we battled, and everyone did, we were able to grow our volumes by nearly 90 percent last year.
The company said its supply chain was the main limiting factor to growth.
He said he expected growth to be above 50%.
Carmakers around the world are grappling with a shortage of microchips, among other production and supply chain snarls, thoughTesla had been seen as faring better than most.
It uses chips that are more plentiful and are 888-282-0465 888-282-0465 888-282-0465 888-282-0465 888-282-0465.
Image source, Robert NickelsbergThe firm started in California and now has factories in China and Texas.
Even as it faces new competition from established carmakers turning their attention to electric vehicles, the plants are expected to help expand the production ofTesla.
It has a challenge opening two factories this year with chips and other parts in short supply and new batteries and technologies to be introduced.
Mr Musk said the firm was looking at building new factories in new locations.
Mr Musk said that fully self-driving cars will become the most important source of profitability for the company.
The cars in the fleet essentially becoming self-driving via a software update might end up being the biggest increase in asset value of any asset class in history, Mr Musk said.
He has downplayed concerns that other firms might pose a threat, noting that companies like GM have room for improvement.
In the last three months of the year, Dan said he thought the company would be able to deliver 10% to 20% more cars.
He said that the delivery numbers combined with the earnings beat speaks to the EV demand trajectory that looks quite robust for the company.
