Tesla Ends Streak of Record Quarterly Profits After China Factory Shutdown

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Tesla reported its first sequential decline in quarterly revenue in additional than a yr because it navigates international financial turmoil and recovers from an extended shutdown at its Shanghai assembly plant.

The electrical-car maker on Wednesday reported second-quarter outcomes that topped expectations. However it additionally demonstrated the challenges confronting it, together with the sting of supply-chain disruptions, the worldwide chip drought and better supplies and logistics prices.

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