Tesla\’s biggest obstacle is supply constraints, NIO and Xpeng are competitive

According to reports, Tesla CEO Elon Musk (Elon Musk) said in an
interview with the media today at the \”Qatar Economic Forum\” (QEF)
that the current supply constraints are Tesla\’s growth. The most significant obstacle, rather than competition from competitors.

Musk said: \”The factors that
restrict our development are more raw materials and the ability to
expand production. I believe that people who have tried to order a Tesla car
must know that the demand is simply too high; the waiting list is long.
This is not intentional, and we are ramping up capacity as fast as possible.\”

Musk said earlier this month that
Tesla had a \”very tough quarter\” as the company battled supply chain
hurdles and urged workers to help get production back on track. Musk said at
the time: \”It was a tough quarter, mainly because of supply chain
and production challenges. We need to work hard to get back together!\”

Under normal circumstances,
Tesla\’s Shanghai plant can produce about 2,100 electric vehicles daily. However, due to the epidemic\’s impact, the factory was
temporarily suspended until mid-April. Today, Tesla is going to great
lengths to ramp up production. At the end of May, it was reported that the weekly show at the Shanghai factory had returned to 70% of pre-pandemic
levels.

When asked whether \”Tesla
faces competition from competitors,\” which includes established auto
giants such as Volkswagen and Ford, as well as China\’s up-and-comers such as
NIO and Xpeng Motors, Musk has a strong opinion on Chinese automakers.
Plus praise.

\”Overall, I am very
impressed with the Chinese automakers. I think they are very competitive, hard-working, and smart,\” he said.