[ad_1]
Tesla has made more than $ 1 billion in profit in the past three months, even as it struggles to meet demand for electric cars amid a global chip shortage.
The company said Monday it made $ 1.14 billion in second-quarter profit, 10 times what it made a year ago and its eighth consecutive quarter of profits.
Tesla has already reported deliveries of 201,250 electric vehicles and production of 206,421 total number of vehicles, during the quarter ending June 30.
Automakers around the world have struggled to keep up with demand due to a shortage of semiconductors.
“Our biggest challenge is the supply chain, especially the microcontroller chips. Never seen anything like it, ”Tesla chief executive Elon Musk said in June. “The fear of running out drives every business over-ordering – like the toilet paper shortage, but on an epic scale. “
The company has turned to other suppliers and the shortage has not dampened enthusiasm for its vehicles, especially Tesla’s Model Y compact sport utility vehicle, the most popular all-electric vehicle in the United States. .
“Public sentiment and support for electric vehicles appears to be at an inflection point never seen before,” the company said in a statement.
The company’s shares rose more than 2% after-hours trading.
Source link
