Tesla Inc. has been going through “supply chain hell,” but Elon Musk believes the electric-car maker stands a chance of emerging from it in the second half of the year.
The chief executive officer tempered his optimism while discussing Tesla’s better-than-expected earnings, emphasizing how challenging it’s been to secure parts and materials. Tesla sold roughly 75% of its Bitcoin holding due to concerns about the company’s liquidity last quarter, when its Shanghai plant shut for weeks.
“We have the potential for a record-breaking second half of the year,” Musk said on a call with analysts Wednesday. “The past few years have been quite a few force majeures, and it’s been kind of supply chain hell for several years.”
