At the end of the third quarter of 2021, Tesla sold 241,300 electric vehicles, which is 73% more than in the same quarter last year. If we analyze the nine-month period, then this year the supply of Tesla electric vehicles has doubled compared to 2020.
The company is breaking records despite the shortage of microchips. Tesla’s business is not as big as that of traditional car giants, so the problem of component shortages is much easier to solve.
In addition, Tesla produces quite expensive electric vehicles, so even purchasing chips at a high cost slightly reduces the profit margin. Tesla even managed to increase this figure.
Electric vehicles are more modern in architecture and therefore require more semiconductor components. Finding an alternative supplier in this segment is easier than in a congested industrial sector that produces components in huge quantities using mature technological processes.
In addition, Tesla’s supply chains are not as complex as, for example, those of GM, which is forced to reduce the volume of auto deliveries in the third quarter. Elon Musk’s company has only two operating car assembly plants – in California and Shanghai. It is easier to provide such a production with everything necessary than an extensive network of enterprises of the classic automobile giant.