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Tesla numbers beat expectations but supply chain struggles lead to Semi delay

Tesla numbers beat expectations but supply chain struggles lead to Semi delay

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Tesla Inc beat Wall Street expectations with its second-quarter results and said the first cars will roll off production lines in the new Berlin and Texas gigafactories later this year, although the launch of the Semi truck programme has been pushed to 2022 as the group struggles with supply chain challenges. Boss Elon Musk, who received US$176mln of share-based payments during the period, said the “big struggle this quarter” was to get enough supplies for airbags and seatbelts in the company’s electric vehicles.

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