Money
Tesla deliveries expected to fall – here’s why
Tesla deliveries are expected to drop significantly in the second quarter, as prolonged Covid lockdowns in China and supply chain issues take their toll
The company is also struggling to ramp up its new factories, with Tesla boss Elon Musk seemingly distracted by his very public pursuit of Twitter.
Tesla has been plagued by production glitches in China and slow output growth at new factories in both Texas and Berlin.
Experts predict deliveries will slump to just over 295,000 vehicles for the second quarter.
This would be down from the company’s record of 310,000 in the preceding quarter, marking Tesla’s first quarter-on-quarter decline since 2020.