Tesla Ends Streak of Record Quarterly Profits After China Factory Shutdown July 20, 2022 Upd ated July 20, 2022 4:21 pm ET Listen to article (2 minutes) Tesla reported its first sequential decline in quarterly profit in more than a year as it recovers from an extended shutdown at its Shanghai assembly plant. The electric-car maker on Wednesday reported second-quarter revenue of $16.9 billion, down from $18.8 billion in the first quarter. Analysts had expected Tesla to report around $16.5 billion in sales.