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Reading: Tesla Poised for Earnings Hit From China Factory Shutdown
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The Wall Street Publication > Blog > Business > Tesla Poised for Earnings Hit From China Factory Shutdown
Business

Tesla Poised for Earnings Hit From China Factory Shutdown

Editorial Board Published July 20, 2022
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Tesla Poised for Earnings Hit From China Factory Shutdown
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July 20, 2022 5:30 am ET

Tesla is expected to report its first sequential decline in quarterly profit in more than a year as it recovers from an extended shutdown at its Shanghai assembly plant.

Covid-19-related restrictions in China and ongoing supply-chain disruptions limited the company’s second-quarter production, which tumbled 15% from the first three months of the year.

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