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Tesla Vehicle Deliveries Tumble After China Factory Shutdown

Source: wsj.com wsj.com
News Snapshot:

Tesla vehicle deliveries fell quarter-over-quarter for the first time in more than two years, reflecting an extended shutdown in China, supply-chain disruptions and challenges associated with opening two new factories. Elon Musk’s electric-vehicle maker said Saturday that it had delivered 254,695 vehicles to customers in the three months ended in June, down from 310,048 in the prior quarter. Deliveries were up roughly 27% from last year’s second quarter, when Tesla handed over 201,304 vehicles. .

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