author_name|Igor Bonifacic Automotive Industry Finance Investment & Company Information language|en-US provider_name|Engadget region|US site|engadget Transportation

Pandemic-related production cuts are catching up with Tesla

Tesla produced 258,580 vehicles in the second quarter of 2022. Saturday. While that’s a 25 percent year-on-year increase from the number of cars it produced in the second quarter of 2021, it’s also fewer vehicles than the company produced with a “” sign at the beginning of the year. In the first three months of 2022, the company produced 305,407 cars, meaning production volume was down 15 percent compared to the previous quarter.

As a result, Tesla delivered fewer vehicles in the last three months than it did at the beginning of the year. Deliveries fell nearly 18 percent to 254,695 between the first and second quarters of 2022. The downturn marks the first time Tesla’s deliveries have fallen from quarter to quarter in two years.

The company has seen production slow down due to ongoing component shortages affecting the entire auto industry. Tesla has also had to stop working at its critical Shanghai Gigafactory multiple times due to the tight COVID-19 quarantines hitting China’s most populous city.

If there’s a silver lining for Tesla, it’s that the company appears to be in a good position to make the leap next quarter. , the company said it reached its highest monthly vehicle production volume in June. We’ll know more about Tesla’s outlook when the company releases its full Q2 2022 results on July 20.

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