China lockdown hits Tesla sales

In the previous quarter, the US electric car maker had delivered 310,048 vehicles worldwide.

Analysts had expected Tesla to deliver 295,078 vehicles in the April-June period, according to Refinitiv data. Several analysts had further cut their estimates to around 250,000 due to China’s prolonged lockdown.

Tesla said it delivered 238,533 Model 3 compact cars and Model Y sport utility vehicles, as well as 16,162 of its Model S and Model X vehicles in the quarter.

Total production fell 15.3% to 258,580 vehicles from the first quarter. June 2022 was the highest vehicle production month in Tesla’s history, the company said in a statement.