Tesla sales fall short of projections
As Tesla quickly increases the manufacturing of its electric cars, supply shortages, logistical obstacles, and escalating expenses are affecting the company.
Despite recent improvements, the issues still present a serious challenge, according to Tesla’s financial statement for investors.
Sales of cars fell short of forecasts, resulting in lower revenue than anticipated for the three months that ended in September.
However, it was still more than 50% greater than a year earlier at $21.45 billion (£19.12 billion).
Elon Musk has been driving Tesla’s ambitious growth in recent years by constructing new plants in the US, China, and Germany and increasing production.