Tesla’s record quarterly delivery streak comes to an end thanks to COVID shutdowns in China
Tesla said it delivered 254,695 vehicles in the second quarter of 2022, down about 18% from the previous quarter. The report, which was posted on Tesla’s site, signals the end of a nearly two-year streak of record quarterly deliveries for Elon Musk’s company, which can mainly be attributed to lengthy COVID-related shutdowns of its Shanghai plant.
Tesla said Model 3 and Model Y vehicles accounted for 238,533 of those deliveries, while 16,162 were for Model S and Model X vehicles. On the production side, Tesla said it managed to build a total of 258,580 vehicles.
China has played a crucial role in the company’s rise to its status as one of the world’s most valuable automakers. But Tesla’s Gigafactory in Shanghai has been caught in a seemingly endless loop of openings and closings in recent months as the country’s strict COVID lockdown policy has taken its toll.
In March, Tesla closed its Shanghai factory for two days amid a spike in COVID-19 cases, and shuttered the factory again in April as Shanghai continues to battle a nationwide lockdown. the city. The Shanghai factory is the company’s largest, producing both Model 3s and Model Ys.
Tesla recently opened its first European factory in Berlin, Germany, and held a “cyber rodeo” to celebrate the grand opening of its Gigafactory in Austin, Texas – both of which could help offset production issues caused by COVID-related lockdowns in Shanghai. Musk recently described the two factories as “gigantic money furnaces” that are “losing billions of dollars” as supply chain constraints continue to limit the company’s plans.