Business
With Extended Lockdown In China, Tesla Deliveries Fall By 18 Per Cent In April-May-June Quarter
Tesla CEO Elon Musk
As a consequence of the extended lockdown in China and supply chain constraints, the deliveries made by car manufacturer Tesla dropped by nearly 18 per cent from the previous quarter (January-March). The manufacturer only delivered 2,54,695 electric vehicles in the second quarter.
In the last two years, this is the first time that the deliveries of Tesla have gone down quarter-over-quarter. In the first quarter the manufacturer delivered around 3,10,000 vehicles.
This situation also highlights the importance of Tesla’s Shanghai Factory to its overall business. Previously also Tesla had to bear the brunt of Covid-19 shutdown in China.
The company has recently stated that it produced only 2,58,580 EVs this quarter, which is a total reduction of 15 per cent from the previous quarter when it made 305,407 vehicles.
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