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Elon Musk says Tesla Powerwall production lagging due to chip shortage

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Elon Musk, chief executive officer of Tesla Inc., right, departs from court for the SolarCity trial in Wilmington, Delaware, U.S., on Monday, July 12, 2021.

Samuel Corum | Bloomberg | Getty Images

Tesla CEO Elon Musk revealed in court on Monday that demand for Tesla Powerwalls stands around 80,000 units, but the company won’t be able to make even half of that many this quarter.

In the “best case,” Musk said, Tesla will produce 30,000 to 35,000 of its home backup batteries in the current quarter. He blamed the expected shortfall on chip shortages.

Musk was testifying in Delaware Chancery court when he revealed the latest Powerwall guidance on Monday. He was there to defend his role in Tesla’s…



Source cnbc.com

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