Tesla Car Deliveries Down as COVID Hurts Manufacturing

Tesla Car Deliveries Down as COVID Hurts Manufacturing

Electrical-car maker Tesla noticed its worldwide car deliveries from April by way of June fall 18 p.c from the primary quarter of the yr as COVID-related manufacturing unit closures in Shanghai affected manufacturing. 

The corporate stated Saturday that it delivered greater than 254,000 autos within the second quarter, a drop from the earlier interval’s 310,000 autos however a year-over-year rise of 26 p.c from the 201,250 autos delivered within the second quarter of 2021.

This previous week, a Wedbush Securities analyst stated in a be aware to traders that Tesla’s manufacturing in China throughout April and Could had been an “absolute catastrophe” due to shutdowns. However on Saturday, Tesla recommended it had bounced again.

“Within the second quarter, we produced over 258,000 autos and delivered over 254,000 autos, regardless of ongoing provide chain challenges and manufacturing unit shutdowns past our management,” the corporate stated in a press launch. “June 2022 was the best car manufacturing month in Tesla’s historical past.”

When breaking down its complete supply numbers, Tesla usually places the 4 autos it at the moment sells into two teams. The corporate stated that within the second quarter, its Mannequin three and Mannequin Y, its cheaper choices, collectively accounted for 238,533 deliveries. The Mannequin S and Mannequin X accounted for 16,162.

As for manufacturing numbers (distinct from deliveries), Tesla stated it produced a complete of 258,580 autos, with Fashions three and Y making up 242,169 of these, and Fashions S and X making up 16,411.

Tesla is ready to put up its second-quarter monetary outcomes on Wednesday, July 20.

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