A one-two punch of a worldwide deficiency of chips and ships is the main thing holding up traffic of Tesla Inc. keeping up with deals development in overabundance of half, as per Chief Executive Officer Elon Musk.

“We’ve had a fabulous year, we had record vehicle conveyances,” Musk told Tesla’s yearly investor meeting in Austin, Texas on Thursday. “It appears as though we have a decent shot at keeping up with that.

Fundamentally, in the event that we can get the chips we can do it. Ideally this chip lack will lighten soon yet I feel sure of having the option to keep up with something like basically above half for a really long time.”

Tesla will move its headquarters from Silicon Valley to Texas, says Elon Musk

While the chip deficiency has overwhelmed automobile industry features this year, Musk said the electric-vehicle pioneer was wrestling with “parcels” of store network difficulties.

“Perhaps the greatest test we had in Q3 was would we be able to get enough ships,” he said. “There was an immense boat deficiency.”

The chip deficiency doesn’t give off an impression of being dialing Tesla back presently.

Tesla Motor Vehicles Last Quarter Sales-

The organization recently announced record conveyances of 241,300 vehicles worldwide in the second from last quarter, beating the past high of 201,250 vehicles in the subsequent quarter.

Tesla’s numbers contrast well and the remainder of the vehicle business, which saw U.S. vehicle deals droop in the most recent three-month time frame because of cutoff points on creation from inventory network deficiencies. General Motors Co. took the greatest blow, with deals in its home market dropping by a third in the most recent quarter.

Musk said the “tremendous expense pressure” in the inventory network had constrained Tesla to expand vehicle costs, briefly.

“The sheer measure of cash we’re spending on flying parts all throughout the planet isn’t incredible,” he said.

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