LI - Tesla's China-made sales in April dropped drastically due to Shanghai lockdown

EV maker, Tesla (NASDAQ:TSLA) delivered just 1,512 vehicles from its Shanghai plant, according to data from the China Passenger Car Association vs. 65,814 units in March, and a monthly record of almost 71,000 vehicles delivered in December 2021. Numbers dropped as the company's plant in Shanghai was shut for weeks amid local Covid restrictions. After reopening, the factory produced 10,757 vehicles by the end of April and sold only 1,512 of them. The company did not export any China-made Model 3s and Model Ys from the Shanghai plant in April. The automaker delivered about 310,000 electric vehicles in the first quarter of 2022. Analysts currently expect about 300K units for Q2 vs. pior outloog before Covid locked down Shanghai was close to 350K units. Passenger car sales in China fell 36% Y/Y to 1.04M units. Sales slipped 10.9% Y/Y to 1.61M units in March. BYD's (OTCPK:BYDDF) sales of electric vehicles and plug-in hybrids rose 1% vs.

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Tesla's China-made sales in April dropped drastically due to Shanghai lockdown