Tesla reports record quarterly earnings despite global supply chain meltdown
by Kari Paul and agencies from Technology | The Guardian on (#5QYSN)
The company's car sales are set to overtake last year's figures even as construction of its new Texas factory is underway
Tesla saw its biggest quarterly net earnings in history, the company said on Wednesday, propelled by record electric vehicle sales last summer, amid a shortage of computer chips and other materials.
The company made $1.62bn in the third quarter, beating its old record of $1.14bn, set just in the second quarter of this year. The profit was nearly five times greater than the $331m Tesla made in the same quarter in 2019.
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