Saturday, August 13

Tesla Q2 deliveries fall on China’s COVID-related shutdown


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Tesla Inc said on Saturday its vehicle deliveries fell to 254,695 in the second quarter, as a COVID-related shutdown in Shanghai hit its production and supply chain.

In the preceding quarter, the US electric car maker delivered 310,048 vehicles globally.

Analysts had expected Tesla to report deliveries of 295,078 vehicles for the April to June period, according to Refinitiv data. Several analysts had slashed their estimates further to about 250,000 due to China’s prolonged lockdown. (Reporting by Hyunjoo Jin in San Francisco, Akash Sriram and Maria Ponnezath in Bengaluru Editing by Matthew Lewis)



financialpost.com