Tesla sales surge despite global chip shortages

Though the wider auto industry has seen a trend of declining sales owing to the global chip shortage during Q3 2021, Tesla revealed today that it was able to sell 241,300 vehicles and manufacture approximately 238,000 vehicles. This number is the best for the automaker, as it's the most cars that Tesla has ever sold in a quarter (via The Verge). For reference, it delivered half a million cars last year.

Elon Musk, the firm's CEO, tweeted today to congratulate his employees. He also thanked Tesla's suppliers and logistics partners for procuring required equipment "despite great difficulties."

General Motors, the largest automaker in the U.S., stated on Friday that it sold 446,997 cars in the third quarter, which is a 33 percent shortfall compared to Q3 2020 (via Detroit Free Press).

Those wanting to read Tesla's net income, cash flow results, and other financial performance-specific statistics will need to wait until Q3 earnings are made publically available. The announcement also read that final numbers for delivery could vary by roughly 0.5 percent, as Tesla only considers a car in its delivery count if it has been transferred to the customer and all paperwork is correct.

Report a problem with article
Microsoft Weekly logo with Windows logo and a 11 on the left and Office logo on the right
Next Article

Microsoft Weekly: Windows 11 nears launch, Office 2021 prices out, Cloud Gaming expands

neabot q11
Previous Article

Neabot NoMo Q11 review: It sucks, but in a good way

3 Comments - Add comment

Advertisement