Tesla reports record $5.5b profit for 2021

New York: Tesla rode rising demand for electric vehicles to a record $5.5 billion (Dh20.2 billion) profit in 2021 as it managed through a range of supply chain issues.

Elon Musk’s company, which scored an 87 per cent jump in auto deliveries last year in spite of the global semiconductor shortage, reported a 71 per cent rise in revenues to $53.8 billion.