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| Tesla shrugs off chip crisis as electric vehicle deliveries hit another record | Tesla shrugs off chip crisis as electric vehicle deliveries hit another record |
| (17 days later) | |
| US electric car producer Tesla has reported delivery of a record number of electric cars in the third quarter, beating Wall Street projections, despite the global chip shortage faced by automakers. | US electric car producer Tesla has reported delivery of a record number of electric cars in the third quarter, beating Wall Street projections, despite the global chip shortage faced by automakers. |
| Tesla delivered 241,300 vehicles globally, while analysts had expected the producer to deliver 229,242 vehicles, according to Refinitiv data. | Tesla delivered 241,300 vehicles globally, while analysts had expected the producer to deliver 229,242 vehicles, according to Refinitiv data. |
| The automaker’s overall deliveries soared by 20% between July and October compared to the previous record high posted in the second quarter. The growth marks the sixth quarter-on-quarter gain in a row. Third-quarter deliveries surged 73% against the same period last year. | The automaker’s overall deliveries soared by 20% between July and October compared to the previous record high posted in the second quarter. The growth marks the sixth quarter-on-quarter gain in a row. Third-quarter deliveries surged 73% against the same period last year. |
| Nearly 96% of Tesla deliveries were its newer Model 3 sedan and Model Y crossover, the report reads. The company also revealed that 9,275 of the vehicles it delivered were Model X and S. | Nearly 96% of Tesla deliveries were its newer Model 3 sedan and Model Y crossover, the report reads. The company also revealed that 9,275 of the vehicles it delivered were Model X and S. |
| The company also raised production numbers to 237,823 units, marking another record. Rising Chinese exports to Europe, along with the introduction of a cheaper Model Y, reportedly helped to boost Tesla’s production. | The company also raised production numbers to 237,823 units, marking another record. Rising Chinese exports to Europe, along with the introduction of a cheaper Model Y, reportedly helped to boost Tesla’s production. |
| Tesla Chief Executive Elon Musk tweeted congratulations to the company’s staff for hitting the delivery and production numbers. | Tesla Chief Executive Elon Musk tweeted congratulations to the company’s staff for hitting the delivery and production numbers. |
| “And thanks very much to our suppliers & logistics partners for coming through despite great difficulties!” he said in a separate message. | “And thanks very much to our suppliers & logistics partners for coming through despite great difficulties!” he said in a separate message. |
| Last month, Musk said the company had suffered a serious parts shortage earlier in the third quarter. Musk had reportedly urged employees to make a quarter-end delivery push. | Last month, Musk said the company had suffered a serious parts shortage earlier in the third quarter. Musk had reportedly urged employees to make a quarter-end delivery push. |
| For more stories on economy & finance visit RT's business section | For more stories on economy & finance visit RT's business section |
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