Tesla, Inc.’s June quarter deliveries showed a 27 percent year-over-year increase, in line with expectations but slower than the 68 percent growth seen in the first quarter. The slowdown was due to a 22-day shutdown of the company’s Giga Shanghai plant.
Numbers Mislead
The larger impact of China production has been misunderstood, Loup Fund’s Managing Partner Gene Munster said in a note.“Tesla’s growth and competitive lead appear to be increasing,” the analyst said.
