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Tesla hits record net income of US$ 1.6 bil. in Q3 despite chip shortages Updated: 2021-10-21 11:11:08 KST

U.S. electric car maker Tesla has reported its best-ever quarterly earnings despite a global chip shortage.
The company said Wednesday that it made a net income of 1.6 billion U.S. dollars in the July to September period, surpassing the one billion mark for the second straight quarter.
The figure is almost five times bigger than the 331 million made in the same quarter a year earlier.
Sales also hit a new high of 13.8 billion for the quarter.
The record results mostly came from its more affordable Model Y and Model 3 electric vehicles.
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