Tesla Q2 deliveries meet analysts' estimates as chip shortage weighs

The deliveries of its Model 3 sedans (pic) and Model Y crossovers, its two lower priced variants, accounted for 99% of its deliveries, offsetting a drop in deliveries of higher-end Model S and X vehicles.

NEW YORK: Tesla Inc on Friday posted record vehicle deliveries for the second quarter that were in line with Wall Street estimates as the electric-car maker coped with a shortage of chips and relied on sales of its cheaper models.

Tesla weathered the global supply crisis better than legacy automakers, but CEO Elon Musk has warned of challenges of securing chips and raw materials.