Tesla ends record quarterly deliveries thanks to China's COVID shutdown

Tesla announced that it delivered 254,695 vehicles during the second quarter of 2022, down about 18 percent from the previous quarter. The report, which was published on Tesla's site, marks the end of a nearly two-year long run of record quarterly deliveries for Elon Musk's company, mostly attributed to the long COVID-related shutdown of its factory in Shanghai . can go.

Tesla said Model 3 and Model Y vehicles made up 238,533 of these deliveries, while 16,162 were for Model S and Model X vehicles. On the production side of things, Tesla said it managed to build a total of 258,580 vehicles.

China has been critical to the company's growth in its position as one of the world's most valuable automakers. But Tesla's Shanghai Gigafactory has been caught in an endless cycle of opening and closing 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 closed the factory once again in April as Shanghai grapples with a citywide lockdown. The Shanghai plant is the company's largest, producing both the 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 Austin, Texas Gigafactory - both in Shanghai due to production issues due to the COVID-related lockdown. are facing. can help make up for this. Musk recently described both factories as "giant money furnaces" that are making "billions of dollars in losses" as supply chain constraints continue to stifle the company's plans.