According to the latest reports, Tesla CEO Elon Musk said in an interview with the media today at the “Qatar Economic Forum” that the current supply constraints are the biggest obstacle to Tesla’s growth, rather than competition from competitors.
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Musk said: “The factors that restrict our development are more in terms of raw materials, and the ability to expand production. I believe that people who have tried to order a Tesla car must be well aware that the demand is simply too high, The waiting list is long. This is not intentional and we are ramping up capacity as fast as possible.”
Musk said earlier this month that Tesla had a “very tough quarter” as the company battled supply chain hurdles and urged workers to help get production back on track. Musk said at the time: “It was a very difficult quarter, mainly because of supply chain and production challenges. We need to work hard to get back together!”
Under normal circumstances, Tesla’s Shanghai plant can produce about 2,100 electric vehicles a day. However, due to the impact of the epidemic, the factory was temporarily suspended until mid-April. Today, Tesla is going to great lengths to ramp up production. At the end of May, it was reported that weekly production at the Shanghai factory had returned to 70% of pre-pandemic levels.
When asked whether “Tesla faces competition from competitors,” which includes established auto giants such as Volkswagen and Ford. “Overall, I am very impressed with the Chinese automakers. I think they are very competitive, hardworking, and smart,” he said.
