Tesla’s Sales Increase to 240K EVs in Q3 Despite Chip Shortage—More than Half of GM’s

Tesla's sales increased to a record-breaking 240k electric vehicles or EVs in the third quarter of 2021. It comes despite the prevailing chip shortage crisis, affecting the car manufacturing industry.

As per Electrek, the CEO of the EV maker, Elon Musk, said that the current problem with the supply chain of the components of the Tesla vehicles is resulting in an extended delay in deliveries.

The news outlet further noted that Tesla annually faces more delivery delays by the end of every quarter.

However, due to the prevailing supply constraints, the tech giant is encountering a much bigger problem this time around.

Tesla's Sales Increase to 240K EVs

Despite the difficulty that Tesla is currently experiencing, the EV maker was still able to book another sales record.

According to Engadget, Tesla announced its sales figures for the third quarter of 2021.

The latest sales performance confirmed that that Musk-led EV firm is unfazed by the current crisis as it continues to increase both the deliveries and the production.

To be precise, Tesla delivered a whopping 241,300 EVs for the said quarter of the year.

The media outlet further noted in the same report that the latest sales figures are significantly higher than the performance of the company from the third quarter of 2020.

It is to note that the current sales record boasts a 102,000 increase in unit sales than in the same period last year.

What's more, the current record of Tesla also beats the previous quarter's performance. To be exact, Tesla was able to deliver 201,250 cars in the second quarter of 2021.

Tesla's Production

On top of that, it also shows that Tesla is doing its best to overcome the wrath of the raging chip shortage crisis as the tech giant also increased production of its vehicles.

In total, Tesla was able to produce 237,823 vehicles. A huge bulk of that is the Model 3 and the Model Y at 228,882. Meanwhile, the Model S and the Model X only accounted for 8,941 of the total production.

Also, the majority of the Tesla deliveries are the Model 3 and the Model Y at a cool 232,025.

On the other hand, the Model S and Model X only had 9,275 deliveries.

Tesla's Sales More than Half of GM

Last Oct. 1, another carmaker, General Motors or GM, also released their third-quarter sales, which plunged significantly due to the firm's idle factories, as per Investors.

The total delivery of the automaker is 446,997. As such, Tesla was able to book more than have of the GM sales, at least in the third quarter of 2021.

This article is owned by Tech Times

Written by Teejay Boris