Tesla Inc. on Monday posted its largest-ever quarterly revenue — $1.14 billion — because it delivered a report variety of automobiles within the second quarter regardless of a global semiconductor shortage that has hampered a lot of the auto business.

Income throughout the quarter almost doubled to $11.9 billion, with automotive gross margins hitting 28 p.c, the electric vehicle maker said. The corporate additionally was aided by $354 million in gross sales of regulatory credit to opponents, 17 p.c lower than a yr earlier.

Tesla delivered 201,304 automobiles within the quarter, up 121 p.c from the identical interval a yr earlier. All however 1,895 have been Mannequin 3 sedans or Mannequin Y crossovers.

The corporate’s second-quarter internet earnings was roughly equal to its whole revenue within the earlier 12 months and greater than 10 instances the $104 million it earned within the second quarter of 2020.

Tesla mentioned the chip scarcity results “continued to be current” within the quarter. It praised staff for working “extraordinarily onerous to maintain manufacturing working as near full capability as potential. With world car demand at report ranges, element provide can have a robust affect on the speed of our supply progress for the remainder of this yr.”

The corporate mentioned it was once more suspending the launch of its Semi truck, this time to 2022, citing restricted availability of battery cells and “world provide chain challenges,” and so it may well higher deal with its meeting crops below development in Austin, Texas, and Berlin, Germany.