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Earnings Results: Tesla says supply-chain snags keeps its factories from running ‘full speed’

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Tesla Inc. late Wednesday reported record quarterly profit and sales, but spooked investors by tweaking its outlook and saying that chip shortages, port congestion and other supply-chain and infrastructure challenges are keeping its factories from running at full speed.

Tesla TSLA said it earned $1.6 billion, or $1.44 a share, in the third quarter, compared with $331 million, or 27 cents a share, in the year-ago period. Adjusted for one-time items, the EV maker earned $1.86 a share.

Revenue…

NewsWatch: Tesla says supply-chain snags keeps its factories from running ‘full speed’

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