Tesla Second-Quarter Deliveries Meet Analysts’ Estimates as Chip Shortage Weighs

Tesla Second-Quarter Deliveries Meet Analysts’ Estimates as Chip Shortage Weighs
A 2018 Tesla Model 3 electric vehicle is shown in this photo illustration taken in Cardiff, Calif., on June 1, 2018. Mike Blake/Reuters
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Tesla Inc on Friday posted record vehicle deliveries for the second quarter that were in line with Wall Street estimates as the electric-car maker coped with a shortage of chips and relied on sales of its cheaper models.

Tesla weathered the global supply crisis better than legacy automakers, but CEO Elon Musk has warned of challenges of securing chips and raw materials.