Tesla delivered 254,695 cars worldwide in the second quarter, ending a two-year streak of gains after a coronavirus-related shutdown at its factory in Shanghai affected production.
The results, posted on Saturday, missed a forecast of 261,181 vehicle deliveries based on an average of analyst estimates compiled by Bloomberg.
Second-quarter deliveries are less than the record 310,048 cars Tesla delivered in the previous three months, but more than the 201,250 from the same quarter a year ago.
Tesla faces “ongoing supply chain challenges and factory shutdowns beyond our control”, it said.
The delivery data is a closely watched indicator for Tesla because it provides insights into the electric car maker’s likely financial performance.
The figure is also widely seen as a barometer for EV demand generally, since the Texas-based company has led the market for battery powered vehicles.
Chief executive Elon Musk had warned of a “very tough quarter” in an internal memo seen by Bloomberg.
But the Shanghai shutdown may have made the most recent quarter’s tally something of an outlier.
Mr Musk said earlier this year that he expected production in the third and fourth quarters would be “substantially higher” and that Tesla was on track to expand production to more than 1.5 million vehicles this year.
Tesla does not break down global sales by geography, but the US and China have long been its largest markets. The company currently makes the Model S, X, 3 and Y vehicles and has plans to start production of new models.
In the waning days of the quarter, while Mr Musk maintained his Twitter silence, other executives delivered cars to customers, including design chief Franz von Holzhausen.
The end of the quarter has often been an all-hands-on-deck situation, with employees from across the company pitching in to help deliver cars in the final hours.
Tesla will report second-quarter earnings after the market close on July 20, the company said on Saturday. The annual meeting of shareholders will be held on August 4.
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Elon Musk and Tesla in Austin, Texas - in pictures
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Position: legal consultant with Al Rowaad Advocates and Legal Consultants
ESSENTIALS
The flights
Emirates flies from Dubai to Phnom Penh via Yangon from Dh2,700 return including taxes. Cambodia Bayon Airlines and Cambodia Angkor Air offer return flights from Phnom Penh to Siem Reap from Dh250 return including taxes. The flight takes about 45 minutes.
The hotels
Rooms at the Raffles Le Royal in Phnom Penh cost from $225 (Dh826) per night including taxes. Rooms at the Grand Hotel d'Angkor cost from $261 (Dh960) per night including taxes.
The tours
A cyclo architecture tour of Phnom Penh costs from $20 (Dh75) per person for about three hours, with Khmer Architecture Tours. Tailor-made tours of all of Cambodia, or sites like Angkor alone, can be arranged by About Asia Travel. Emirates Holidays also offers packages.
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Dubai works towards better air quality by 2021
Dubai is on a mission to record good air quality for 90 per cent of the year – up from 86 per cent annually today – by 2021.
The municipality plans to have seven mobile air-monitoring stations by 2020 to capture more accurate data in hourly and daily trends of pollution.
These will be on the Palm Jumeirah, Al Qusais, Muhaisnah, Rashidiyah, Al Wasl, Al Quoz and Dubai Investment Park.
“It will allow real-time responding for emergency cases,” said Khaldoon Al Daraji, first environment safety officer at the municipality.
“We’re in a good position except for the cases that are out of our hands, such as sandstorms.
“Sandstorms are our main concern because the UAE is just a receiver.
“The hotspots are Iran, Saudi Arabia and southern Iraq, but we’re working hard with the region to reduce the cycle of sandstorm generation.”
Mr Al Daraji said monitoring as it stood covered 47 per cent of Dubai.
There are 12 fixed stations in the emirate, but Dubai also receives information from monitors belonging to other entities.
“There are 25 stations in total,” Mr Al Daraji said.
“We added new technology and equipment used for the first time for the detection of heavy metals.
“A hundred parameters can be detected but we want to expand it to make sure that the data captured can allow a baseline study in some areas to ensure they are well positioned.”
Third Test
Result: India won by 203 runs
Series: England lead five-match series 2-1
UAE currency: the story behind the money in your pockets
