A double-whammy of a worldwide scarcity of chips and ships is the one factor standing in the way in which of Tesla Inc. sustaining gross sales development in extra of fifty p.c, in accordance with CEO Elon Musk.

“We’ve had a implausible 12 months, we had document automobile deliveries,” Musk informed Tesla’s annual shareholder assembly in Austin, Texas, on Thursday. “It seems like we have now a great likelihood of sustaining that. Mainly, if we are able to get the chips we are able to do it. Hopefully this chip scarcity will alleviate quickly however I really feel assured of having the ability to preserve one thing like not less than above 50 p.c for fairly some time.”

Whereas the chip scarcity has dominated auto-industry headlines this 12 months, Musk mentioned the electric-car pioneer was grappling with “heaps” of provide chain challenges.  

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

The chip scarcity doesn’t seem like slowing Tesla down simply but. The corporate earlier this week reported document deliveries of 241,300 vehicles worldwide within the third quarter, beating the earlier excessive of 201,250 automobiles within the second quarter.