Tesla’s Bumpy Quarter Might Be About More Than Lockdowns in China


The graceful acceleration proven by Tesla previously two years faltered in the second quarter. Chief Government Elon Musk has provided hints that the issues run deeper than lockdowns in Shanghai.

On Saturday, Tesla reported quarterly deliveries of 254,695, down from 310,048 within the first three months of the 12 months. The information got here as no nice shock given the pandemic-related shutdowns that affected its Shanghai manufacturing unit in April and Could. The ultimate tally was barely beneath consensus expectations of 264,000, based on FactSet.


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