Tesla deliveries drop by 18 percent in Q2 2022

Enlarge / Tesla’s new factories in Berlin and Texas are proving more costly to set up than its plant in Shanghai (pictured).Tesla

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

Leave a Comment

Your email address will not be published.