Tesla’s deliveries hit record despite chip shortage

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Despite facing some major roadblocks – like a shortage of chips and raw materials – Tesla managed to post record deliveries in the second quarter.

The electric vehicle maker said Friday it delivered 201,250 vehicles, edging just past analysts’ estimates.

Total production rose about 14%.

That report drove the company’s shares higher in early trading Friday.

Strong results for Tesla’s lower priced Model 3 sedans and Model Y crossovers offset a drop in deliveries of its higher-end Model S and Model X.

Tesla has recently been raising prices, which CEO Elon Musk blamed on supply chain pressure from a shortage of semiconductors and raw materials.

In China, where the company faced scrutiny over its handling of customer complaints on quality issues, Tesla rebounded from a sales slump in April, selling nearly 22,000 cars in May.

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