Money

Tesla smashes first quarter expectations

Published

on

Electric car maker Tesla has had a big start to 2022

Despite supply chain challenges, EV giant, Tesla has delivered a record number of its cars in the first quarter.

Tesla delivered more than 310,000 new vehicles within the first three months of this year.

Tesla’s total deliveries are almost 70% higher than this time last year.

The company’s boss Elon Musk says the improvement came despite an “extremely difficult quarter”, including strict coronavirus policies in China, where Tesla has a so-called ‘giga factory’.

Musk says record deliveries of Tesla EVs made in first quarter of 2022.

Suspension of Tesla’s Shanghai factory operations

Tesla’s Shanghai factory will remain closed as the city deals with strict lockdown measures brought on by an uptick in COVID-19 cases.

According to an internal document obtained by Bloomberg, Tesla reportedly told employees on Sunday to stay home to comply with the city’s current coronavirus restrictions.

A previous report from ticker NEWS affiliate network, Reuters, Tesla would resume production at the Shanghai plant on Monday, April 4th, as some stay-at-home orders were expected to end.

Trending Now

Exit mobile version