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    Shanghai lockdown causes Drop in Tesla's deliveries despite record production in June

    The Kenyan
    By The Kenyan Wall Street
    - July 04, 2022
    - July 04, 2022
    Global News
    Shanghai lockdown causes Drop in Tesla's deliveries despite record production in June

    Tesla Inc. said on Saturday the company’s production in June was the highest in Tesla‘s history, although it fell 15.3% to 258,580 vehicles from the first quarter, while 254,695 cars were delivered despite ongoing supply chain challenges and factory shutdowns.

    The lockdown in Shanghai caused a drop in deliveries for the three months ending June, which was 17.7% lower than the previous year’s first-quarter total of 310,048.

    The EV giant said it will publish its earnings report for the second quarter of the fiscal year on July 20. In its first-quarter earnings report, Tesla noted its revenue soared to $18.8 billion, jumping by 81% compared to the same period in 2021.

    READ; Tesla Reports Record 308,600 Deliveries for 2021 Q4

    The Kenyan Wall Street

    We are a leading integrated digital content platform providing in-depth business and financial news across Africa & the globeSubscribe
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