JPMorgan Sees ‘Stratospheric’ $380 Oil on Worst-Case Russian Cut
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Reuters
Tesla’s deliveries fall, hurt by China’s COVID-related shutdown
Tesla Inc delivered 17.9% fewer electric vehicles in the second quarter from the previous quarter, as China’s COVID 19-related shutdown disrupted its production and supply chain. The world’s biggest electric car maker said on Saturday that it delivered 254,695 vehicles in the April to June period, compared with 310,048 vehicles in the preceding quarter, ending a nearly two-year-long run of record quarterly deliveries. A resurgence in COVID-19 cases in China had forced Tesla to temporarily suspend production at its Shanghai factory and also affected suppliers’ facilities in the country.