Tesla breaks earnings record as China boosts production and demand


Source: nikkei.com nikkei.com

Key Topics in this News Article:

News Snapshot:

Its Shanghai plant has overtaken Fremont, California in production volume, Tesla said in its annual shareholder meeting in October. © Reuters YIFAN YU, Nikkei staff writer October 21, 2021 06:49 JST | China Copy Copied PALO ALTO, U.S. -- Tesla reported record profits and revenue for the third quarter on Wednesday, defying supply chain challenges that are haunting automakers. For the three months ended September, Tesla reported $1.62 billion in profit, an all-time high, and more than quadrupled the $331 million in the same period last year. It registered $13.76 billion in revenue, up 57% from a year earlier, which...