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Tesla’s nine day buffer faces more port congestion, chip shortage risks in H2

China 2899 Cons. Discr. - Autos 1114 Earnings 667 Info Tech - Tech Hardware 736 Mexico 839 Quote Watch 438 U.S. 5200

Tesla reported a 98.1% year over year increase in revenues despite “supply chain challenges, in particular global semiconductor shortages and port congestion”. The firm’s CEO, Elon Musk, stated Tesla managed to “substitute alternative chips and then write the firmware in a matter of weeks.” The company expects that the challenges of shortages and logistics “will have a strong influence on the rate of our delivery growth” and will increase the company’s costs. The implementation of Tesla’s in-market, for-market strategy can be seen in a drop in total U.S. exports of electric vehicles of 1...

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