Tesla beats 3Q revenue forecasts but supply-chain problems hit plants

FILE PHOTO: The TESLA logo is seen outside a dealership in the Brooklyn borough of New York City, U.S., April 26, 2021. REUTERS/Shannon Stapleton/File Photo

SAN FRANCISCO: Tesla Inc on Wednesday beat Wall Street expectations for third-quarter revenue on the back of record deliveries as the electric car maker navigated through a prolonged global shortage of chips and raw materials.

Tesla said it aims to increase production in the fourth quarter from the previous quarter, adding that "the magnitude of growth will be determined largely by outside factors."