Tesla stuck with a prediction of 50 per cent annual vehicle sales growth over the next few years,but said that depended on the supply chain,equipment capacity and other issues.
The company made a record $US3.32 billion in this year’s first quarter.
Tesla’s sales from April to June fell to 254,000 vehicles. But the company predicted record-breaking production in the second half and said that in June it had the highest production month in its history.
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“We have potential for a record-breaking second half of the year,” Musk told analysts,noting the strong June production at the company’s factories in California and Shanghai. But he cautioned that the industry has faced severe challenges securing adequate supplies of parts and materials.
“It’s kind of been supply chain hell for several years,” Musk said.
Industry analysts had been expecting lower earnings after the lower sales figures and tweets by Musk about laying off 10 per cent of the company’s workforce due to recession fears.