Tesla's stock plunged nearly 12 percent, and its market value evaporated by more than $100 billion

Tesla's earnings report released on Thursday showed that in the fourth quarter of last year, Tesla's revenue increased by 65% year-on-year to 177. $200 million. Net profit was 23. $200 million, an increase of approximately 760% year-over-year. For the full year 2021, Tesla's total revenue was $53.8 billion and its annual net profit was $5.5 billion. Despite the impressive results, the company's CEO Musk said that due to the continued impact of supply chain issues, Tesla will not launch new models this year, but will focus on ensuring delivery. Affected by this news, overnight, Tesla's stock price fell nearly 12%, and the market value evaporated by more than $100 billion.