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.

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