Chip Shortage and Tesla Stock: Cramer, Maurer Discuss Elon Musk's Earnings Call

Publish date:
Video Rating:
Video Duration:

As with the rest of the automotive sector, Tesla noted an impact from the global semiconductor shortage. "Supply chain challenges, in particular global semiconductor shortages and port congestion, continued to be present in Q2,"the company said.

Watch: Tesla's Daily's Earnings Call Takeaways

"With global vehicle demand at record levels, component supply will have a strong influence on the rate of our delivery growth for the rest of this year," Tesla added.

Now,Cramer has told you once, twice and probably will tell you again, when it comes to Tesla, it all comes down to the conference call.

When asked about the process of ramping up production, Musk noted supply chain has a particular challenge, particularly as Tesla aims to get its new factories off the ground.

Elon Musk on eating production glass

Musk also described the semiconductor shortage as "quite difficult." 

Watch TheStreet Live: Tesla Earnings and Beyond - Watch Jim Cramer, Tesla Daily's Rob Maurer

Disclosure: Rob Maurer is long TSLA stock and derivatives.

Related Videos