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| Despite the lack of chips Tesla sales continue to grow |
Tesla's record third quarter had its biggest stroke of luck in three months, when the company posted a profit of $1.6 billion.
Despite the global shortage of semiconductors and the postponement of the new S and X models, this situation arose.
The company generated more than $13.7 billion in sales, and as the popularity of the Models 3 and Y grew in popularity, the average retail price continued to fall.
Tesla continues to improve the profitability of these vehicles. The company stated that the gross profit margin for its cars is close to 30%, a figure thanks to its efforts in China. The increased production and sales of the Model S also help.
The company recently started exporting low-cost models made in China to other markets such as Europe.
More importantly, despite a decrease in regulatory money sold by the company this quarter ($279 million in the quarter and $354 million in the second quarter), the company is still generating more revenue from automobiles.
Tesla's success this quarter reflects the dilemmas other automakers are facing due to chip shortages and the world's largest supply chain crisis.
GM's US sales are 33% lower than the same period last year. Ford sales fell 27%.
At the same time, Tesla increased its worldwide deliveries to more than 241,000 vehicles in the quarter, continuing the automakers' steady growth.
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By purchasing a variety of chips and rewriting software, the company avoided problems caused by bottlenecks. However, its success in 2021 is also due to the growing popularity of the Model Y and its growing global influence.
The company's factory in China has been pumping vehicles for more than a year. Two more cars are scheduled to hit the market soon in Texas and Germany.
The company said: “Various challenges, including semiconductor shortages and port congestion, have hampered our ability to continue operating at full speed.”
She added: “We believe that our supply chain, engineering and manufacturing teams can respond to these global challenges with great flexibility.
The company continues to manufacture and test new batteries based on the design announced in September 2020.
He also confirmed Musk's stated plan to switch to lithium iron phosphate batteries in the standard version of his global cars.