Tesla Inc. vehicle deliveries rose in the first quarter, but missed Wall Street expectations as the company struggled with global supply-chain disruptions and a brief Covid-19 shutdown at its Shanghai factory.

“This was an *exceptionally* difficult quarter due to supply chain interruptions & China zero Covid policy,” Tesla Chief Executive Elon Musk tweeted Saturday morning. Tesla employees and key suppliers “saved the day,” he added.

To Read the Full Story

This post first appeared on wsj.com

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Chicago woman who lured pregnant teen to home and ripped baby from womb is sentenced to 50 years

CHICAGO — A Chicago woman accused of luring a pregnant teenager to…

Biden administration extends housing protections to LGBTQ people

The Department of Housing and Urban Development announced Thursday that LGBTQ people…

National park closes after 300 migrants arrive during holiday weekend

A remote national park in the Gulf of Mexico closed on Monday…

3M Cutting Jobs as Demand for Its Products Weakens

Business Earnings Company expects lower earnings in 2023, faces challenging conditions in…