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Tesla Q3 revenue skirts semiconductor woes, beats profit projections

The results mark the ninth straight quarter of profit for the 18-year-old electric carmaker and came despite obstacles that included backups at ports and even rolling blackouts in China

Tesla has been lobbying with the Indian government to reduce the duty on imported cars.
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Tesla said supply-chain issues ranging from semiconductor shortages to congestion at ports hurt its ability to boost output and meet growing demand for its EVs.

Dana Hull & Gabrielle Coppola | Bloomberg
Tesla Inc. reported third-quarter revenue that fell short of Wall Street estimates but managed to beat profit projections, overcoming a semiconductor shortage and supply-chain challenges that have stymied competing automakers.
 
The results mark the ninth straight quarter of profit for the 18-year-old electric carmaker and came despite obstacles that included backups at ports and even rolling blackouts in China that made it tough to keep factories operating at full capacity.

Revenue at Elon Musk’s electric-vehicle and clean-energy company rose 57% to $13.8 billion, missing estimates of $13.9 billion. Earnings came to $1.86 a share on an adjusted basis, the Palo Alto,