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Tesla electric vehicle deliveries down in second quarter

(AOF) – Ahead of the U.S. National Day on July 4, the U.S. electric vehicle maker announced that its deliveries fell quarter over quarter for the first time in more than two years. This 17.9% drop to 254,695 units (compared to 310,000 in the first quarter) is linked to the impact of health restrictions in China on its production and supply chain, its largest factory, located in Shanghai, having had to close its doors.

The industrial apparatus has nevertheless been strengthened this year with the inauguration by Elon Musk of two new production sites: one in April in Austin, Texas and one in Berlin, Germany.

Bullish US financial circles on Wall Street expect Tesla to generate about $745 million in free cash flow in the second quarter, up from $2.2 billion in the first quarter of 2022.

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