TechCrunch Mobility: Tesla vs GM: A tale of two earnings

Here is a 190-word summary of the news article: Tesla and GM, two major players in the automotive industry, recently reported their latest quarterly earnings. Tesla posted record revenue and profit, largely driven by strong demand for its electric vehicles. In contrast, GM reported a decline in revenue and earnings, primarily due to supply chain challenges and chip shortages that have impacted vehicle production. Tesla's success was highlighted by its ability to ramp up production and deliver over 310,000 vehicles in the quarter, a new record for the company. This, combined with higher average selling prices, contributed to the impressive financial results. GM, on the other hand, struggled with production cuts and lower sales volumes, which put pressure on its bottom line. The contrasting performance of these two automakers underscores the ongoing shift towards electric vehicles and the importance of operational efficiency in the face of supply chain disruptions. As the automotive landscape continues to evolve, the ability of manufacturers to adapt and innovate will be crucial in determining their long-term success.