Pandemic-related manufacturing shutdowns meet up with Tesla

Tesla produced 258,580 automobiles within the second quarter of 2022, the automaker on Saturday. Whereas

Tesla produced 258,580 automobiles within the second quarter of 2022, the automaker on Saturday. Whereas that’s a 25 % year-on-year enhance from the variety of automobiles it made throughout Q2 2021, it’s additionally fewer automobiles than the corporate produced in the beginning of the 12 months amid an “.” Within the first three months of 2022, the corporate manufactured 305,407 automobiles, which means manufacturing quantity declined by 15 % from the earlier quarter.

In consequence, Tesla additionally delivered fewer automobiles previously three months than it did in the beginning of the 12 months. Deliveries declined by almost 18 % between Q1 and Q2 2022 to 254,695. The setback marks the primary time in two years that Tesla’s deliveries have fall quarter over quarter.

The corporate noticed manufacturing slowed by ongoing element shortages that affected your entire auto business. Tesla was additionally pressured to cease work at its vital Shanghai Gigafactory a number of occasions in as a result of strict COVID-19 lockdowns that hit China’s most populous metropolis.

If there’s a silver lining for Tesla, it’s that the corporate would seem well-positioned to bounce again subsequent quarter. , the company said it achieved its highest monthly vehicle production volume in June. We’ll know more about Tesla’s outlook when the company shares its full Q2 2022 results on July 20th.

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Source: Engadget.

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