Revenues increased to $ 13.76 billion from $ 8.77 billion in 2020. Analysts had expected revenue of around $ 13.63 billion, according to IBES data from Refinitiv. On the other hand, Tesla’s automotive gross margin, excluding environmental credits, increased to 28.8%, up from 25.8% in the previous quarter, despite cost pressure from supply chain issues.
“A variety of challenges, including semiconductor shortages, port congestion and ongoing blackouts, have been affecting our ability to keep factories running at full speed,” the Tesla company said in a statement.
“We continue to operate our production lines as close to full capacity as conditions allow. While sequential growth remains our goal, the magnitude of growth will be largely determined by external factors,” he added.
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