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Tesla EV deliveries fall 18% due to China lockdowns, supply woes (Ld)

San Francisco, July 3 (IANS) Elon Musk-run Tesla has been hit by about 18 per cent drop in EV deliveries in the second quarter (Q2) this year amid supply chain woes and China lockdowns.

Tesla delivered 2,54,695 electric vehicles globally in the April-June period, 18 per cent decrease from Q1.

This is the first time in two years that Tesla deliveries, which were 3,10,048 in the first period this year, have fallen quarter over quarter.

Tesla had shut down its Shanghai factory several times owing to Covid-lockdowns that hampered its production.

The company admitted that it produced 2,58,580 EVs — a substantial reduction from the previous quarter when it delivered 3,05,407 vehicles.

The company also said that June 2022 was the highest vehicle production month in Tesla’s history.

“In the second quarter, we produced over 2,58,000 vehicles and delivered over 2,54,000 vehicles, despite the ongoing supply chain challenges and factory shutdowns beyond our control,” the company said in a statement.

The company said that it will post its financial results for the second quarter of 2022 after the market closes on July 20.

In the first quarter of 2022, the tech billionaire-owned carmaker delivered 3,10,048 electric vehicles. Meanwhile, in the second quarter of 2021, it produced 2,06,421 vehicles and delivered 2,01,250 vehicles.

The company has, recently, shown exit doors to approximately 200 workers from its Autopilot team and closed an office in California.

The majority of those who were let go were hourly workers, said the people, who asked not to be identified as discussing private information.

–IANS

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