Tesla reported that it shipped 254,695 vehicles during the second quarter 2024, a decrease of 18% over the previous quarter. This is the first time that Tesla has reported lower numbers in two years.
Tesla, the US automaker, has revealed disappointing numbers for its quarter 2024 shipments after announcing record quarters in nearly two years. The company claimed that it shipped 254,695 vehicles during the second quarter, a drop of nearly 20% from the previous quarter’s 3310,048 vehicles.
According to Tesla , Model 3 vehicles and Model Y vehicles accounted respectively for 238,533 and 16,162 deliveries. This isn’t a huge loss for the company. Even though shipments have declined from quarter to quarter, this is still 26% more than the 201.250 vehicles that were delivered in the second quarter 2021.
Tesla deliveries are severely impacted by the COVID-19 pandemic
The COVID-19 pandemic in Asia is the main reason for the delays in Tesla vehicle deliveries. The Chinese government forced Tesla to close its Shanghai factory several times in March and April because of the growing number of COVID-19 patients+. It took a while for the facility to reopen last May. Tesla has suffered a significant loss of revenue due to the Shanghai Gigafactory closing. However, it had set production records in certain factories.
Fremont’s main factory, for example, set a new record for the number of units built per week and recorded the highest production figures in June. The Gigafactory Berlin, Germany, managed to produce 1,000 units in a week for the first-time. Despite these setbacks Tesla is still expected exceed the one million mark by 2024+. The company reported that it has sold 936,172 vehicles in total, more than any other electric vehicle manufacturer.
