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Tesla snaps two-year streak with slip on deliveries

Tesla delivered 254,695 cars worldwide in the three months to June, snapping a two-year streak of quarter-on-quarter gains, as a COVID-related shutdown at its factory in Shanghai crimped production.

The results, posted Saturday, missed a forecast of 261,181 vehicle deliveries based on an average of analyst estimates compiled by Bloomberg. That is less than the record 310,048 cars Tesla delivered in the previous three months, but above the 201,250 from the same quarter a year ago.

Tesla faces “ongoing supply chain challenges and factory shutdowns beyond our control”, it said in a statement.

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