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Tesla overcomes supply chain woes to boost profit margins

Electric vehicle maker posts revenues ahead of Wall Street expectations

Tesla overcame severe supply chain problems in the latest quarter, boosting its profit margins and pushing its revenue above Wall Street expectations, according to figures released late on Monday.

Elon Musk, whose relationship with Wall Street has often become frayed during the company’s frequent bouts of growing pains, used the upbeat moment to disclose that he would no longer take part in most Tesla earnings calls.

The chief executive’s combative defence of the US electric carmaker and often extravagant predictions have made the calls a favourite with individual investors, providing the most regular insight into his thinking.

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