Tesla Q2 deliveries fall on China’s COVID-related shutdown

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Tesla Inc stated on Saturday its car deliveries fell to 254,695 within the second quarter, as a COVID-related shutdown in Shanghai hit its manufacturing and provide chain.

Within the previous quarter, the U.S. electrical automotive maker delivered 310,048 automobiles globally.

Analysts had anticipated Tesla to report deliveries of 295,078 automobiles for the April to June interval, in response to Refinitiv information. A number of analysts had slashed their estimates additional to about 250,000 because of China’s extended lockdown. (Reporting by Hyunjoo Jin in San Francisco, Akash Sriram and Maria Ponnezhath in Bengaluru Enhancing by Matthew Lewis)

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