Tesla Semi postponed yet again

The Tesla semi truck’s release has been postponed yet again despite a record breaking $1 billion in profits this quarter. 

Tesla earned $1.14 billion this quarter as compared with $104 million this time last year, reported Reuters.  

The company announced that it is still on track to build its first Model Y compact SUV thanks to the factories being built in Austin, Texas and Berlin, Germany, and says that it’s on-time schedule has been “influenced by the successful introduction of many new product and manufacturing technologies, ongoing supply-chain related challenges and regional permitting.”

However, in order to keep up with production of this Model Y compact SUV, Tesla officially announced that it has pushed back the release of the Tesla semi truck yet again. This official announcement comes after Musk dropped hints back in May that the semi may be delayed because “we are too cell-constrained right now, but probably ok next year.”

“To better focus on these factories, and due to the limited availability of battery cells and global supply chain challenges, we have shifted the launch of the Semi truck program to 2022,” Tesla said in a letter to investors on Monday.