Tesla Says Limited Battery Supply Is Holding Up Production
Tesla said it is making progress toward expanding battery supply. It ended the third quarter with its largest passenger-vehicle backlog in four years, according to its earnings report.
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08:56:42 PM UTC
SquawkNews
Tesla is facing pressure from a limited supply of batteries, the electric-car maker says. Tesla says battery availability "continued to be a limiting factor in increasing auto volumes in the quarter." In the third quarter, total production was up 4% year-over-year, thanks to an increase in Model 3…
Tesla said a shortage of batteries is constraining production. In its earnings report, the company said it ended the third quarter with its largest passenger-vehicle backlog in four years. Tesla also reported progress toward expanding battery supply to boo…