Tesla’s Rugged Quarter Could Be More Than China’s Lockdown

spontaneous acceleration shown by Tesla in the last two years faltering in the second quarter, chief executive Elon Musk has indicated that the problems run deeper in Shanghai than the lockdown.

On Saturday, Tesla reported quarterly deliveries of 254,695, down from 310,048 in the first three months of the year. the news came as no big surprise In view of the shutdown related to the pandemic Which affected its Shanghai factory in April and May. As of now, the final tally was slightly below consensus expectations of 264,000. factset,