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Tesla’s good news on sales and chip problems

Tesla’s good news covers growth despite shortage of microchips and Q3 impressive sales.
U.S. dealers delivered 446,997 vehicles in the U.S. in the third quarter of 2021, down 218,195 units, or almost 33%. On the contrary, Tesla delivered 241,300 vehicles in the third quarter, up about 73% compared with the third quarter of 2020.
Tesla investors expected growth and got it as other carmakers were destined to a steep drop.
A global shortage of automotive semiconductors has roiled the industry all year and will end up trimming global light vehicle production by about 5 million to 6 million units.
For Tesla, the third quarter was another record. The company has delivered about 627,000 vehicles in the first three quarters, up by almost 100% compared with the first three quarters of 2020. Tesla is running at full capacity while other automakers shut plants due to lack of parts.
Observers indicate three factors beyond Tesla’s achievement, namely: demand, profits, and industry size as three reasons for Tesla’s Q3 sales uptrend mystery.

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