Tesla on Wednesday beat Wall Street expectations for third-quarter revenue on the back of record deliveries as the electric carmaker navigated through a prolonged global shortage of chips and raw materials.
Despite a global chip shortage that has marred the auto industry, Tesla was able to post record deliveries for the quarter.
The company has weathered the chip crisis better than rivals, with its overall deliveries surging 20% in the July to September period from its previous record in the second quarter, marking the sixth consecutive quarter-on-quarter gains.
"We continue to target our first Model Y production builds in Berlin and Austin before the end of the year," Tesla said.
The carmaker, led by billionaire entrepreneur Elon Musk, said revenue rose to $13.76 billion from $8.77 billion a year earlier. Analysts had expected revenue of about $13.63 billion, according to IBES data from Refinitiv.
SOURCE: REUTERS
Only state can declare jihad in Islamic country, says COAS Syed Asim Munir
- 3 گھنٹے قبل
Death anniversary of Hafeez Jalandhari being observed today
- 3 گھنٹے قبل
Green Shirts give India humiliating defeat in U-19 Asia Cup final
- 3 گھنٹے قبل
PDMA issues alert about rains, snowfall over hills in KP
- ایک دن قبل
Commissioning ceremony of 2nd Pak Navy Ship KHAIBAR held in Turkiye
- 4 گھنٹے قبل
Thai border clashes displace over half a million in Cambodia
- 3 گھنٹے قبل
Gold prices drop in Pakistan, global markets
- ایک دن قبل
PM Shehbaz stresses use of modern technology to curb human trafficking
- ایک دن قبل
Gazans mourn six killed in Israeli shelling on shelter
- ایک دن قبل
May 9: Yasmin Rashid, Mahmoodur Rashid, others sentenced to 10 years’ imprisonment each in two more cases
- ایک دن قبل
Bangladesh holds state funeral for slain youth leader amid tight security
- ایک دن قبل
Joshua knocks out Paul to win Netflix boxing bout
- ایک دن قبل
