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Photo: NICOLAS ASFOURI / AFP
Although the auto industry suffers from a lack of components and many manufacturers have to make compromises, Tesla is posting record figures for the third quarter in a row: In the three months to the end of September, profit rose 389 percent year-on-year to $ 1.6 billion (1.4 billion Euro), as the Elon Musk group announced on Wednesday after the US stock market closed.
With this, Tesla has earned more than ever before in a quarter.
The company's sales grew 57 percent to a record $ 13.8 billion.
The company is proceeding as planned with the construction of Tesla's European car factory in Grünheide near Berlin.
"We expect to receive the final approvals before the end of this year," said the quarterly report.
Actually, Tesla wanted to start production in Brandenburg in July, but bureaucratic discrepancies delayed the schedule.
Tesla continues to assume that the first Model Y will roll off the assembly line before the end of the year.
"Overall, I'm very proud of what the team has achieved," said Tesla CEO Zach Kirkhorn during a conference call after the annual report was presented. The start of production is approaching both in Grünheide and in Austin, Texas, where another Tesla plant is under construction. However, the top manager warned that there were still major challenges ahead and that mass production would depend heavily on the currently difficult supply of components.
The quarterly figures of the electric car pioneer clearly exceeded the expectations of most analysts.
Investors reacted cautiously, however, the share even fell slightly after the trading hours.
Although the automotive industry as a whole has been groaning for months under the semiconductor shortage, shortage of containers, traffic jams at seaports and other bottlenecks in the supply chains, Tesla has so far been able to cope with the burdens relatively well.
In the third quarter, the company brought 241,391 vehicles to its customers, around 73 percent more than a year earlier.
aar / dpa
