ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Automobiles

China demand helps Tesla to record quarter amid chip shortage

EV maker's revenue jumps as CEO Musk admits supply problems

PALO ALTO, U.S. -- Tesla reported record first-quarter sales and revenues on Monday, but the U.S. electric vehicle maker admitted it faced a "huge problem" from the global chip shortage.

For the three months ended March, Tesla reported $10.39 billion in revenue, up 74% year over year, boosted by $518 million in regulatory credits and $101 million from selling the company's bitcoin reserve.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more