Tesla once again bucked auto industry trend and reported an increase in car sales, despite the shortages of computer chips and other logistical woes that have forced other carmakers to significantly scale back production.
The company said it sold 310,000 cars in the first quarter, up only slightly from the 309,000 it sold in the fourth quarter of last year, but a 68% increase from the sales in the same quarter a year ago.Tesla was able to do that even though its two new factories -- one outside of Berlin, the other outside of Austin, Texas, started producing and shipping cars only weeks ago. Tesla does not break down where its cars are produced or sold.
And it is clear that the logistic and production problems are not behind them. For example, General Motors will temporarily shut its Fort Wayne, Indiana, plant that builds its best selling Silverado and Sierra pickups for the next two weeks due to the chip shortage.GM's US sales fell 20% from a year ago, although they were up 16% from the fourth quarter.
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