Elon Musk believes {that a} mixture of a worldwide scarcity of chips and ships can be the one factor stopping Tesla from sustaining a gross sales progress of greater than 50 %.

In September, Tesla’s CEO stated the semiconductor scarcity was a “quick time period” downside and that a number of chip making crops are being constructed. He predicted the continued scarcity can be over by subsequent yr. 

Nevertheless, there’s one other difficulty that threatens to mess with automakers’ manufacturing targets, specifically provide chain points. On the firm’s annual shareholder assembly held in Austin, Texas, final week, Musk stated Tesla was grappling with “tons” of provide chain challenges through the earlier quarter. 

“One of many largest challenges we had in Q3 was can we get sufficient ships. There was an enormous ship scarcity.”

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In accordance with the manager, it might be not less than a yr earlier than issues begin to get higher. He declared himself optimistic that Tesla must be by its extreme provide chain shortages in 2023. Musk additionally stated the “vital price stress” within the provide chain is what compelled Tesla to extend automobile costs, not less than quickly.

“The sheer sum of money we’re spending on flying elements around the globe isn’t nice.” 

In his opinion, a double-whammy of a worldwide scarcity of chips and ships could possibly be the one factor threatening Tesla’s gross sales progress of greater than 50 %. 

“We’ve had a implausible yr, we had report automobile deliveries. It seems like we’ve got an excellent likelihood of sustaining that. Mainly, if we will get the chips we will do it. Hopefully this chip scarcity will alleviate quickly however I really feel assured of with the ability to keep one thing like not less than above 50 % for fairly some time.”

The chip scarcity is but to sluggish Tesla down as final week the corporate reported report deliveries of 241,300 automobiles worldwide within the third quarter, considerably greater than the earlier excessive of 201,250 automobiles within the second quarter.