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Tesla in the second quarter reduced the supply of cars by 18%

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Negative factors were ongoing problems in global supply chains and the suspension of the company's operations in China due to the COVID-19 pandemic.

Tesla in the second quarter reduced the supply of cars by 18%

US electric vehicle maker Tesla cut shipments in the second quarter by 18% from the previous three months to 254,695 units, according to a company press release.

Including deliveries of Model S and Model X amounted to 16,162 cars, Model 3 and Model Y - 238,533.

Negative factors were ongoing problems in global supply chains and the suspension of the company's operations in China due to the COVID-19 pandemic.

Last quarter, Tesla produced 258.58 thousand vehicles. At the same time, the report notes that production in June reached a monthly maximum in the history of the company.

Tesla plans to release Q1 financials on July 20.

The automaker's share price has fallen 35.5% since the beginning of the year, while the Nasdaq Composite stock index has lost about 29%.

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