Tesla revenue surged 81% in Q1; Shanghai production resumes

U.S. EV maker forecasts more supply chain challenges ahead

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Tesla beat Wall Street estimates for revenue and profit in the first quarter. © Reuters

YIFAN YU, Nikkei staff writer

PALO ALTO, U.S. -- Tesla reported blockbuster first quarter results Wednesday after the bell, defying ongoing supply chain challenges. However, the U.S. electric vehicle maker warned of a tough road ahead, as its main production hub -- Shanghai Gigafactory -- was forced to close for three weeks in April and only recently resumed limited production.

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