Tesla Posts Record Quarterly Earnings on Supply-Chain Resilience

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Tesla notched a third straight quarterly profit, beating expectations, due in part to the electric-car maker's ability to navigate supply-chain disruptions

notched a third consecutive record profit, thanks in part to the electric-vehicle maker’s ability to navigate persistent global supply-chain disruptions.

“A variety of challenges, including semiconductor shortages, congestion at ports and rolling blackouts, have been impacting our ability to keep factories running at full speed,” Tesla said in its earnings release. Tesla shares have soared in recent weeks, closing Wednesday around $866, near their record close of $883.09 in January. The stock fell less than 1% in after-hours trading after the company posted results.“We are seeing significant cost pressure in our supply chain,” Chief Executivesaid at the company’s annual shareholders’ meeting earlier this month. “The sheer amount of money we’re spending on flying parts around the world is just not great but hopefully temporary.

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So that’s why my car drove it’s self to the my (now indefinitely canceled) abortion time yesterday… “Com’ere, Fido!” *cancels appointment in phone* 🤦‍♀️

adamhoov 9th straight quarter*

yes

Tesla drives itself and I people who own BMW, Benz, Land Rover, Audi, etc., know exactly what I mean and like to drive. Personally, I would never own a Tesla, I don't like them.

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Tesla Poised for Record Quarterly Earnings on Supply-Chain ResilienceTesla is expected to notch a third consecutive quarterly profit, thanks in part to the electric-vehicle maker’s ability to navigate global supply-chain disruptions New Tesla cars with an unusual steering wheel look great😍 🖕🏻 tnks Tesla
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