In the first quarter of this year, the company built 305,000 vehicles, delivered 310,000 of them, and opened new factories in Berlin and Austin. In order to lower production costs by building vehicles closer to the markets they will eventually be sold in, the company has recently invested in a factory and shored up its battery component supply chain. Like the rest of the automotive industry,Tesla faces an increasingly tight supply of critical semiconductors and rising prices spurred by inflation brought on by Russia's invasion of Ukraine. The shuttering of its Gigafactory in Shanghai was due to the COVID outbreak in the region. The factory has only partially resumed work in recent days. At the opening of the Austin Gigafactory earlier this month, Musk confirmed that the long-awaited Cybertruck would finally be going on sale in 2023 and that a wide sample of its Full Self-Driving technology would be rolling out throughout North America this year. Both the Cybertruck and the upcoming Roadster are still listed as development, as opposed to production, as the X/S and 3/Y are in this. The elimination of mobile charging equipment was one of the things that happened in Q1 2022. The company's net income increased to $3.3 billion from $438 million last year. Musk expects another banner year in 2022. While the company's official outlook estimates a 50 percent increase in vehicle production, Musk thinks we have a reasonable shot at a 60 percent increase over last year. He said that the prototype of the Robotaxi would not have a steering wheel or pedals, and that he was excited about other innovations. The volume production of the Robotaxi could happen as soon as 2024.
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