Tesla Stock Slips Lower After Q2 Delivery Slump, Planned Factory Closures

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The Street

By Martin Baccardax Tesla said it had a record rate of production in June, but supply chain disruption and the closure of its Shanghai gigafactory triggered a slump in Q2 deliveries. Tesla (TSLA) – Get Tesla Inc. Report shares moved lower Tuesday after the carmaker posted a rare slump in quarterly deliveries and reports suggest two of its four key factories will go dark for two weeks over the month of July. Supply chain disruptions, chip shortages and a 22-day shutdown at its gigafactory in Shanghai pulled second quarter deliveries down 17.7% from the first quarter, to a weaker-than-expected 2…

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