Wall Street

Tesla plays ‘whack-a-mole’ with snags as deliveries fall for first time in two years

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Reuters UK

By Eva Mathews (Reuters) – Tesla Inc faces a series of hurdles ranging from production snags to rising inflation that may hit profits, Wall Street analysts said on Tuesday, as the electric-car maker reported a fall in deliveries for the first time in two years. Stung by China’s COVID-19 lockdowns and soaring costs, Tesla said on Saturday it delivered 254,695 vehicles in the second quarter, down about 18% from the first quarter. (Graphic: Tesla’s production and delivery numbers since 2020: https://graphics.reuters.com/TESLA-DELIVERIES/akpezlkedvr/chart.png) Supply chain snarls at the company’s …

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