Elon Musk, the founder of Tesla Inc (NASDAQ:TSLA) took to Twitter to announce the delay in the launch of the company’s Roadster sports car, due to bottlenecks in the global supply chain.
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Coming Out In 2023?
In the message shared on the social network, the executive said that the launch would be pushed to 2023, even though it was initially scheduled to go on sale by the end of summer 2022.
“2021 has been the year of super crazy supply chain shortages, so it wouldn’t matter if we had 17 new products, as none would ship. Assuming 2022 is not mega drama, new Roadster should ship in 2023,” he tweeted.
The chip shortage has hit hard the automotive industry, including some giant manufacturers like Ford Motor Company (NYSE:F), Honda Motor Co Ltd (TYO:7267), General Motors Company (NYSE:GM), and VOLKSWAGEN GROUP Common Stock (ETR:VOW3).
They all were caught off guard by the lengthy semiconductor crisis around the world, even to the point of halting or reducing production. Further, the global trade chaos caused by the pandemic has disrupted logistics.
"Tesla started taking reservations for the impressive electric supercar with a 0-60 mph in 1.9 seconds and over 600 miles of range at the unveiling event.”
Anyone keen on being in a prime position to buy the vehicle had to splash between $50,000 and $250,000 in deposits.
Subsequently, the Roadster program was put on hold as Musk announced on the Joe Rogan podcast that the vehicle was not a priority at that moment, and compared it to a “dessert.”
He also said the company was growing production of the Model Y, and announced the construction of a Tesla car factory in Berlin.
“We have to go for the meat, the potatoes, and the vegetables,” he said. This was followed by Musk’s 2020 statements hinting that the Tesla Roadster was to be pushed to 2022 with the Cybertruck on the cards.
Tesla and Ford are part of the Entrepreneur Index, which tracks 60 of the largest publicly traded companies managed by their founders or their founders’ families.