Tesla recorded record quarterly net profit thanks to high electric vehicle sales.
This news leads to a shortage of computer chips despite global supply chain issues.
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Tesla has posted a profit of $1.62 billion. That was a previous record, higher than the $1.14 billion profit that took place in the second quarter of this year.
“We’re looking forward to seeing you in the future,” said Jesse Cohen, senior analyst at Investing.com.
“We do an excellent job navigating the challenges of global supply chains and logistics, and weathering the storm considerably better than our rival automakers.”
Despite the industry shortage, the company’s revenues rose 72% compared to the same period last year.
“A variety of challenges, including semiconductor shortages, port congestion and rolling blackouts, have affected our ability to drive factories at full speed,” Tesla said in a statement.
“We believe our supply chain, engineering and production teams are addressing these global challenges with unparalleled ingenuity, agility and flexibility in the automotive industry.”
