Elon Musk believes {that a} mixture of a worldwide scarcity of chips and ships could be the one factor stopping Tesla from sustaining a gross sales progress of greater than 50 %.

In September, Tesla’s CEO stated the semiconductor scarcity was a “brief time period” drawback and that a number of chip making crops are being constructed. He predicted the continued scarcity could be over by subsequent yr. 

Nonetheless, there’s one other challenge that threatens to mess with automakers’ manufacturing targets, particularly provide chain points. On the firm’s annual shareholder assembly held in Austin, Texas, final week, Musk stated Tesla was grappling with “tons” of provide chain challenges through the earlier quarter. 

“One of many largest challenges we had in Q3 was can we get sufficient ships. There was an enormous ship scarcity.”

Based on the manager, it might be at the very least a yr earlier than issues begin to get higher. He declared himself optimistic that Tesla must be via its extreme provide chain shortages in 2023. Musk additionally stated the “vital value stress” within the provide chain is what pressured Tesla to extend automobile costs, at the very least quickly.

“The sheer amount of cash we’re spending on flying elements world wide isn’t nice.” 

In his opinion, a double-whammy of a worldwide scarcity of chips and ships might be the one factor threatening Tesla’s gross sales progress of greater than 50 %. 

“We’ve had a unbelievable yr, we had report car deliveries. It appears to be like like we’ve a great probability of sustaining that. Mainly, if we are able to get the chips we are able to do it. Hopefully this chip scarcity will alleviate quickly however I really feel assured of with the ability to keep one thing like at the very least above 50 % for fairly some time.”

The chip scarcity is but to sluggish Tesla down as final week the corporate reported report deliveries of 241,300 automobiles worldwide within the third quarter, considerably greater than the earlier excessive of 201,250 automobiles within the second quarter.