Tesla faces decline in deliveries, hurt by Covid shutdown in China The EV company reported that it delivered 254,695 vehicles from April to June as opposed to 310,048 vehicles in the previous quarter


Source: techstory.in techstory.in

Key Topics in this News Article:

News Snapshot:

According to reports, Tesla Inc delivered about 17.9% lesser electric vehicles in its second quarter as opposed to the one before that. This is was for the Covid-19 shutdown in China affected the company production and supply chain significantly. For a while now, Tesla’s factory at Shanghai has run into a host issues owing to the lockdowns. On Saturday, June 2, Elon Musk’s EV company stated that it delivered about 254,695 vehicles in the April to June period, as opposed to the 310,048 vehicles in the previous quarter, putting an end to almost a two-year-long run of record quarterly deliveries....