The smooth acceleration shown by You’re here over the past two years weakened in the second quarter. Chief executive Elon Musk has hinted that the problems run deeper than the lockdowns in Shanghai.
On Saturday, Tesla announced quarterly deliveries of 254,695, down from 310,048 in the first three months of the year. The news came as no big surprise given the pandemic-related shutdowns that affected its Shanghai plant in April and May. The final tally was slightly below consensus expectations of 264,000, according to set of facts.