Tesla delivers record vehicles in first quarter; output falls during China shutdown – S


Source: newsdome.co.za newsdome.co.za

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Tesla Inc (TSLA.O) on Saturday reported record electric vehicle deliveries for the first quarter, largely meeting analysts’ estimates, but production fell from the previous quarter as supply chain disruptions and a China plant suspension weighed. “This was an *exceptionally* difficult quarter due to supply chain interruptions & China zero COVID policy,” Chief Executive Elon Musk tweeted. “Outstanding work by Tesla team & key suppliers saved the day.” Tesla delivered 310,048 vehicles in the quarter, a slight increase from the previous quarter, and up 68% from a year earlier. Wall Street had expected deliveries of 308,836 cars, according to Refinitiv data....