News

Tesla Ends Streak of Record Quarterly Profits After China Factory Shutdown

Tesla reported its first sequential decline in quarterly profit in more than a year as it navigates global economic turmoil and recovers from an extended shutdown at its Shanghai assembly plant.

The electric-car maker on Wednesday reported second-quarter results that topped expectations. But it also demonstrated the challenges confronting it, including the sting of supply-chain disruptions, the global chip drought and higher materials and logistics costs.

Source link

The post Tesla Ends Streak of Record Quarterly Profits After China Factory Shutdown appeared first on HumanitasConnects.

Source link

The post Tesla Ends Streak of Record Quarterly Profits After China Factory Shutdown appeared first on .


Source link

Show More

Related Articles

Back to top button