Automotive
Tesla Exceeds Quarterly Revenue Predictions
Electric automotive giant, Tesla recorded delivery of over 184,000 vehicles globally. The lion’s share of the global demand was backed by China. This led to the revenue of $ 10.39 Billion, exceeding the projected figures of $10.29 Billion.
Owned by the famed billionaire, Elon Musk, Tesla was able to achieve this by navigating through the global supply shortage, faced by a number of major automotive giants, by transitioning to new microcontrollers, paving the way for smooth operations.
Tesla also stated that the first deliveries of the new Model S should start in short order, while the Model Y’s output continues to grow in the Shanghai facilities.
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