Tesla’s sales in the last quarter were affected by supply chain problems and pandemic restrictions in China.
The electric car manufacturer’s sales from April to June fell to the lowest quarterly level since last autumn.
On Saturday, Tesla revealed that they sold more than 254,000 cars and SUVs in the second quarter, a decrease of 18% from the first three months of this year and also well below the pace in the last quarter of last year.
Tesla was not alone when the rest of the industry reported a 21% drop in sales during a quarter in which the average price of vehicles shot to a record $ 45,844 amid soaring inflation, according to JD Power.
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The effect of the sales decline is expected to play a role in the company’s earnings for the quarter, which will be reported on 20 July.
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It was a turbulent quarter for Tesla, when CEO Elon Musk made a $ 44 billion bid for Twitter, which he put on hold after complaining that it has too many non-human spam bot users.
Tesla shares have been reduced by 35% this year.
The company said as a highlight that it produced more vehicles during June than in any other month in history.
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Musk had been missing from Twitter for nine days before posting a picture on Friday with him and four of his children in a meeting with Pope Francis in Italy.
In recent months, Musk has discussed issues such as getting salaried employees back to offices and a possible 10% cut in Tesla’s workforce due to a possible recession.
The Associated Press contributed to this report.