Tech

Pandemic-related production shutdowns catch up with Tesla


Tesla produced 258,580 vehicles in Q2 2022, automaker on Saturday. While that’s a 25% year-on-year increase from the number of vehicles the company produced in the second quarter of 2021, it’s also fewer cars than the company produced at the start of the year in light of “. “In the first three months of 2022, the company produced 305,407 cars, which means production output fell by 15% compared to the previous quarter.

As a result, Tesla has also delivered fewer vehicles in the past three months than it did at the start of the year. Deliveries fell by nearly 18% between Q1 and Q2 2022 to 254,695. The setback marked the first time in two years that Tesla’s delivery numbers fell from the previous quarter.

The company saw production slow down due to continued component shortages affecting the entire auto industry. Tesla has also been forced to stop work at its key Shanghai Gigafactory several times in the past year as strict COVID-19 lockdowns hit China’s most populous city.

If there is a silver lining for Tesla, then the company will look well positioned to bounce back next quarter. , the company said it achieved its highest monthly vehicle output in June. We’ll know more about Tesla’s outlook when the company shares its full Q2 2022 results on July 20.

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