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Tesla receives German recall order for Model Y and 3 cars

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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-19-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,” the automaker said.

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The delivery data is a closely watched indicator for Tesla since it provides insights into the electric-car maker’s likely financial performance. The figure also is widely seen as a barometer for EV demand generally, since the Austin, Texas-based company has led the market for battery powered vehicles.

Elon Musk had warned of a “very tough quarter” in an internal memo that was seen by Bloomberg. But the Shanghai shutdown may have made the most recent quarter’s tally something of an outlier.

Musk said earlier this year that he expects production in the third and fourth quarters will be “substantially higher” and that Tesla is on track to expand production to more than 1.5 million vehicles this year.

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