Tesla
After several quarters of impressive growth, Tesla is starting to feel uncomfortable. The US automaker announced on Saturday that it produced only 258,580 electric vehicles between April and June, and delivered just 254,695 vehicles.
By comparison, it was able to build 305,407 electric vehicles and deliver 291,189 of them in the first three months of 2022. However, it claims to have produced more cars in June 2022 than any previous month in its history.
A detailed breakdown of results for the quarter is scheduled for July 20, which would shed light on CEO Elon Musk’s claims that the company’s new plants in Berlin and Texas are “Giant coin ovensTesla cost billions.
For now, the company says only that the 18 percent drop, quarter-on-quarter, was due to “ongoing supply chain challenges and factory closures outside of our control.” Unlike his fight with Alameda County, California in 2020Musk did not argue or take legal action when the Chinese authorities imposed public health controls Tesla factory closed in Shanghai due to the rise in COVID-19 cases.