Tesla’s Musk Signals Optimism for End to ‘Supply Chain Hell’

Tesla Inc. has been going through “supply chain hell,” but Elon Musk believes the electric-car maker stands a chance of emerging from it in the second half of the year.

The chief executive officer tempered his optimism while discussing Tesla’s better-than-expected earnings, emphasizing how challenging it’s been to secure parts and materials. Tesla sold roughly 75% of its Bitcoin holding due to concerns about the company’s liquidity last quarter, when its Shanghai plant shut for weeks.