Tesla delivered 254,695 electric vehicles globally in the second quarter, down nearly 18% from the previous quarter, as supply chain constraints, China’s extended COVID-19 lockdown and challenges surrounding opening factories in Berlin and Austin weigh on the company influence.
It was the first time in two years that Tesla’s deliveries (310,048 in the first quarter of this year) fell sequentially. Tesla’s deliveries were up 26.5% from the second quarter of last year.
The quarter-over-quarter decrease is in line with broader supply chain issues in the industry. It also speaks to the importance of Tesla’s Shanghai factory to its business.Tesla closed its Shanghai factory several times in March amid rising COVID-19 cases prompt a government shutdown.
The company said Saturday that it produced 258,580 electric vehicles, a 15 percent decrease from the previous quarter. 305,407 cars built.
As in other quarters over the past two years, the majority of vehicles produced and delivered were Model 3 and Model Y. Only 16,411 of the vehicles produced were older Model S and Model X vehicles.
Tesla said in its press release that June 2022 was the highest month for car production in Tesla’s history. Despite the milestone, the electric car maker, along with others in the industry, has struggled to keep pace with demand as supply chain issues persist.