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Tesla Braces for Delivery Slump on China Plant Shutdown

  • Analysts expect second-quarter deliveries of over 261,000 cars
  • Covid lockdowns, logistical woes have weighed on production
The Tesla Gigafactory in Shanghai.

The Tesla Gigafactory in Shanghai.

Photographer: Qilai Shen/Bloomberg

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Tesla Inc. is expected to announce quarterly production and delivery figures this weekend that will likely be among the worst of the year -- and break its multi-quarter streak of record-setting results -- due largely to an extended shutdown of its factory in Shanghai. 

The electric vehicle maker may have delivered more than 261,000 vehicles globally during the three months ended in June, according to 9 analysts surveyed by Bloomberg, ending a two-year stretch of consecutive quarterly gains. Tesla handed over more than 310,000 vehicles in the first three months of the year, more than any previous quarter.