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Tesla deliveries fall due to China Covid shutdowns and supply shortages

July 3, 2022
Source: bitcoinethereumnews.com bitcoinethereumnews.com
News Snapshot:
Parts shortages and pandemic-related production shutdowns at Tesla’s plant in Shanghai caused a big drop in the electric car maker’s latest global vehicle deliveries, according to figures released on Saturday. The US automaker said it had delivered 254,000 vehicles in the second quarter. Though up 27 per cent from a year before, the Chinese shutdowns brought its first sequential quarterly drop in more than two years. The delivery figure was well below the 350,000 that Wall Street had been expecting at the beginning of the quarter, though analysts started scaling back their forecasts in late April after chief executive Elon...
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