Under control: A truck transports new Tesla cars at its factory in Shanghai. The company has cut costs with the use of more Chinese parts including batteries. — Reuters
SAN FRANCISCO: Tesla Inc said its upcoming factories and supply-chain headwinds would put pressure on its margins after it beat Wall Street expectations for third-quarter revenue on the back of record deliveries.
The world’s most valuable automaker has weathered the pandemic and the global supply-chain crisis better than rivals, posting record revenue for the fifth consecutive quarter in the July to September period, fuelled by a production ramp-up at its Chinese factory.
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