Tesla sales slow in the second quarter due to China

Tesla announced that it delivered 254,695 electric vehicles globally during the second quarter of 2022. This number represents a decrease

Tesla announced that it delivered 254,695 electric vehicles globally during the second quarter of 2022. This number represents a decrease of approximately 18% from the previous period due to supply chain restrictions, shutdowns in China, and challenges related to factory openings in Berlin and Austin, which affected the company.

The report, posted on Tesla’s website, marks the end of nearly two years of record quarterly deliveries for the company, which can mostly be attributed to the prolonged coronavirus-related shutdowns of its Shanghai factory.

This is the first time in two years that the company’s deliveries, which were 3100,048 in the first period of this year, have fallen in a spring. Deliveries were up 26.5% from the second quarter of last year.

The quarterly reduction is in line with the industry’s broader supply chain problem. It also illustrates the importance of Tesla’s Shanghai plant to its business.

The company said it produced 258,580 electric vehicles, down 15% from the previous quarter when it built 305,407 vehicles.

Model 3 and Model Y cars made up 238,533 of these deliveries. While 16,162 were for Model S and Model X.

Tesla said: “June 2022 was the highest month for car production in the company’s history.” Despite this milestone, the electric car maker as well as other companies in the industry struggled to keep pace with demand as supply chain problems persisted.

Tesla sales fell in the second quarter

China played a crucial role in the company’s rise to a position as one of the world’s most valuable automakers.

But the company’s Shanghai Gigafactory has had persistent problems with opening and closing in recent months. The country’s strict lockdown policy against the coronavirus has taken a heavy toll.

Tesla in March shut down its Shanghai factory for two days amid a spike in coronavirus cases. It also shut down the factory again in April as Shanghai continues to face a citywide shutdown.

The Shanghai factory is the company’s largest, producing both Model 3 and Model Y.

The company recently opened its first European factory in Berlin. And electronic rodeos were held to celebrate the grand opening of their plant in Austin, Texas.

Both could help offset production problems caused by the coronavirus-related shutdowns in Shanghai.

Elon Musk recently described both manufacturers as giant cash furnaces losing billions of dollars as supply chain constraints continue to constrain the company’s plans.

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