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Tesla posts record $1.6 bn quarterly profit despite chip shortage
short by Aishwarya Awasthi / on Thursday, 21 October, 2021
Billionaire Elon Musk-led Tesla has reported its highest quarterly profit of $1.62 billion despite a global semiconductor shortage, beating its old record of $1.14 billion, set just in the second quarter of this year. Tesla had earned $331 million in third quarter last year. Tesla's operating income was $2 billion, which increased year-over-year from $809 million.
read more at TechCrunch