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Tesla sold record number of electric vehicles despite chip shortages

North America / Engineering

Growth in sales of cars assembled by Tesla in the third quarter exceeded analysts' expectations, who nevertheless expect the chip shortage to knock 40,000 vehicles out of the American manufacturer's annual shipments.

Tesla sold record number of electric vehicles despite chip shortages

American automaker Tesla reported that in the third quarter of 2021, sales of electric vehicles amounted to over 241 thousand units worldwide, despite the global shortage of microchips. About this on Saturday writes Associated Press, noting that this is 14 thousand cars higher than analysts' expectations.

Tesla's sales are up 72% year-on-year, when Tesla delivered 140,000 electric vehicles.

In total this year, Elon Musk's corporation has delivered about 627 thousand electric cars, which has already exceeded the last year's figure of 499 550 units.

Wedbush analyst Daniel Ives wrote in a note to investors that the pace of electric vehicle shipments in the US and China has been strong over the past month or so.

Still, Ives estimates the chip shortage will knock 40,000 vehicles out of Tesla's annual shipments. According to him, deliveries by the end of 2021 will amount to at least 865,000 electric vehicles, but no more than 900,000 units.

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