Tesla sales climb as production ramps up amid supply woes

Published

2 years ago

October 20, 2022

Brittany Coles

A few months ago Elon Musk said demand for Teslas was through the roof

But now the company is facing supply shortages, logistics bottlenecks and rising costs

Production is ramping up with Tesla’s electric cars.

Revenue was lower than expected in the three months ending in September, as car sales fell short of expectations – but at over 21 billion dollars, it remained more than 50% higher than a year ago.

The firm produced more cars than were sold, raising fears that demand may be slowing

Are Tesla investors are much more concerned about its long-term potential than short term financial pressures though?

It seems like the results won’t change investors mindset.

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