Tesla reported record sales of electric cars

Tesla sold 241,300 vehicles in the third quarter of 2021 despite the global semiconductor shortage. The Associated Press reported this.


According to analysts from FactSet, the figure exceeded Wall Street expectations. Earlier, experts had predicted that Tesla would sell about 227,000 electric cars between July and September. 




Daniel Ives of the Wedbush analyst agency notes a sharp increase in demand for the U.S. manufacturer's electric cars in the U.S. and China over the past month. That means the company expects strong sales in the fourth quarter of 2021 as well, with a good outlook for the coming 2022.


Electric car sales soared 72% from last year's numbers: Tesla sold 140,000 fewer cars in the third quarter of 2020. Last year the company sold a total of 499,500 cars, while Tesla has already crossed the mark of 627,300 in the first 9 months of 2021.


The fact is that electronics manufacturers, including the automotive industry, faced a severe shortage of chips in 2020, which continues to this day. The shortage was due to the increased demand for electronics caused by the mass shift of people to remote work due to the coronavirus pandemic. The decision by chip makers to concentrate capacity on producing components for home appliances and smartphones also played a major role.


Thus, Ives suggests, Tesla will sell about 865,000 to 900,000 electric cars by the end of 2021:


"In the fourth quarter, Tesla has every chance to prove again that the company is able to cope with unfavorable market conditions caused by the deficit of semiconductors, the recovering demand in China and frantic competition among manufacturers of electric cars," the expert stressed.


Earlier, it became known about Ilon Musk's appeal to Tesla employees, in which he spoke about the urgent need to catch up with production problems that arose at the beginning of the third quarter.


You must be logged in to post a comment.