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China lockdown affects Tesla sales

July 3, 2022
Source: bullfrag.com bullfrag.com
News Snapshot:
In the previous quarter, the US electric car maker had delivered 310,048 vehicles worldwide. Analysts had expected Tesla to deliver 295,078 vehicles in the April-June period, according to Refinitiv data. Several analysts had further cut their estimates to around 250,000 due to China’s prolonged lockdown. Tesla said it delivered 238,533 Model 3 compact cars and Model Y sport utility vehicles, as well as 16,162 of its Model S and Model X vehicles in the quarter. Total production fell 15.3% to 258,580 vehicles from the first quarter. June 2022 was the highest vehicle production month in Tesla’s history, the company said...
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Tags: car | China | data | electric car | electric vehicle | IT | production | sales | Tesla | Total | vehicle

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