Tesla Q2 Deliveries Slip Due To China Shutdowns

Tesla’s Flagship Model S Sedan (Image Courtesy Of Tesla Inc.)

Tesla, the largest automaker in the world by market capitalization, produced 258,580 Model S, Model X, Model 3, and Model Y vehicles in Q2 2022 and delivered a total of 254,695 vehicles compared to 305,407 produced units and 310,048 deliveries in Q1 2022 and 305,840 produced units and 308,600 deliveries in Q4 2021. The drop-off marked a steeper slowdown than Tesla is used to. The company cited weakness out of China, ongoing supply chain challenges, and factory shutdowns as reasons for the weak numbers. However, Tesla did say that June 2022 was the highest vehicle production month in company history.

Tesla will post its financial results for Q2 2022 after market close on Wednesday, July 20, 2022. At that time, Tesla will issue a brief advisory containing a link to the Q2 2022 update, which will be available on Tesla’s Investor Relations website. Tesla management will hold a live question and answer webcast that day at 4:30 p.m. Central Time (5:30 p.m. Eastern Time) to discuss the Company’s financial and business results and outlook.