Tesla's chaotic third quarter saw profits climb but revenue falter

Tesla faced increasing transportation costs paired with "raw material cost inflation," continued component shortages and a strengthening dollar in Q3, all of which which ate into its quarterly revenue ($21.45 billion vs $21.96 billion expected). Yet the EV automaker still managed to set production records at each of its factories. According to the company's quarterly production report published at the start of the month, Tesla built 365,923 vehicles in Q3 and delivered just 343,830.