Tesla says chip shortage, port congestion, and blackouts are impacting production

Issues going through present U.S. manufacturing and distribution are compounding, in keeping with Tesla’s most up-to-date Q3 2021 quarterly earnings report.

The problems with chip scarcity have affected quite a few know-how industries throughout the board over the course of years, however manufacturing is operating right into a set of recent and distinctive points on high that. Sea ports around the globe are clogged as a consequence of never-before-seen transport quantity and energy grids failing in main components of the world. It’s a group of things that Tesla has attributed to hassle in manufacturing in its current Q3 2021 quarterly outcomes.

Tesla posted its Q3 2021 quarterly financial results on its investor relations web site on October 20, 2021 alongside a presentation to go along with it. It was on this presentation that Tesla detailed the variety of points which are affecting its world manufacturing traces.

Despite issues with chip shortages, port congestion, and electricity blackouts, Tesla (TSLA) stock continues to be in one of its strongest positions of the year.
Regardless of points with chip shortages, port congestion, and electrical energy blackouts, Tesla (TSLA) inventory continues to be in considered one of its strongest positions of the yr.

To that finish, Tesla claims it has ramped up efforts to supply various manufacturing and transport strategies to those presently in place. It guarantees to shift additional manufacturing into not solely Berlin, Germany, but in addition its new Gigafactory in Austin, Texas, which has become its official headquarters.

The shift in manufacturing unit reliance probably gained’t make the semiconductor famine go away or transfer transport congestion on the coasts any faster, however Tesla appears satisfied that it may well at the very least alleviate some of the stress factors of the manufacturing course of with its deliberate efforts. It can stay to be seen if it may well maintain true on manufacturing builds of the Mannequin Y earlier than 2021 ends. Keep tuned as we proceed to observe for additional updates and data and take a look at additional reveals from the Tesla Q3 quarterly financial results.

TJ Denzer is a participant with a ardour for video games that has dominated a lifetime. When he isn’t handing out beatdowns within the newest combating video games, exploring online game historical past, or enjoying by RPGs together with his associate, he is trying to find new meals and drinks within the fixed pursuit of excellent instances with good folks inside and out of doors the South Texas space. You too can discover him on Twitter @JohnnyChugs.

https://www.shacknews.com/article/127241/tesla-says-chip-shortage-port-congestion-and-blackouts-are-impacting-production | Tesla says chip scarcity, port congestion, and blackouts are impacting manufacturing

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