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Although the total revenues of EV juggernaut Tesla, Inc. (TSLA) increased 56.8% year-over-year to $13.76 billion, the company’s operating expense grew 32.1% from its year-ago value to $1.66 billion in its last reported quarter. Furthermore, due to semiconductor chip shortages, Tesla’s popular models are in short supply, and buyers are facing delivery delays. But even with these constraints, TSLA’s shares have gained 64.8% in price year-to-date.
However, auto manufacturing companies Ford Motor Company (NYSE:F), Lucid Group, Inc. (LCID), and Tata Motors Limited (TTM) have outperformed TSLA this year, capitalizing much better on the industry tailwinds.
