Musk Says Chip and Ship Shortages Top Threats to Tesla Growth
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A double-whammy of a global shortage of chips and ships is the only thing standing in the way of Tesla Inc. maintaining sales growth in excess of 50%, according to Chief Executive Officer Elon Musk.
“We’ve had a fantastic year, we had record vehicle deliveries,” Musk told Tesla’s annual shareholder meeting in Austin, Texas on Thursday. “It looks like we have a good chance of maintaining that. Basically, if we can get the chips we can do it. Hopefully this chip shortage will alleviate soon but I feel confident of being able to maintain something like at least above 50% for quite a while.”