Supply Chain Council of European Union | Scceu.org
Operations

Tesla Poised for Earnings Hit From China Factory Shutdown

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.

Related posts

Rocket Lab launches Electron rocket, selects Virginia for Neutron factory

scceu

Cheesecake Factory (NASDAQ:CAKE) Now Covered by Stephens

scceu

POLL-China’s Dec factory activity set to expand for a second month

scceu