Pandemic-related manufacturing shutdowns are catching up with Tesla
Tesla produced 258,580 vehicles in the second quarter of 2022, the automaker Saturday. While this is a 25% year-over-year increase from the number of cars manufactured in the second quarter of 2021, it is also fewer vehicles than the company has produced. at the beginning of the year in the middle of a “.” In the first three months of 2022, the company manufactured 305,407 cars, which means production volume decreased by 15% compared to the previous quarter.
As a result, Tesla also delivered fewer vehicles in the past three months than at the start of the year. Shipments fell nearly 18% between the first and second quarters of 2022 to 254,695. The setback marks the first time in two years that Tesla’s shipments have fallen quarter over quarter.
The company has seen its production slowed by ongoing component shortages that have affected the entire automotive industry. Tesla has also been forced to halt work at its critical Shanghai Gigafactory on several occasions due to strict COVID-19 lockdowns that have hit China’s most populous city.
If there’s a silver lining for Tesla, it’s that the company looks set to rebound in the next quarter. , the company said it hit its highest monthly vehicle production volume in June. We’ll know more about Tesla’s outlook when the company shares its full second quarter 2022 results on July 20.
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