China lockdown affects Tesla sales

China lockdown affects Tesla sales

In the previous quarter, the US electric car maker had delivered 310,048 vehicles worldwide.

Analysts had expected Tesla to deliver 295,078 vehicles in the April-June period, according to Refinitiv data. Several analysts had further cut their estimates to around 250,000 due to China’s prolonged lockdown.

Tesla said it delivered 238,533 Model 3 compact cars and Model Y sport utility vehicles, as well as 16,162 of its Model S and Model X vehicles in the quarter.

Total production fell 15.3% to 258,580 vehicles from the first quarter. June 2022 was the highest vehicle production month in Tesla’s history, the company said in a statement.