Tesla's streak of record quarterly deliveries has come to an end as a result of China's COVID shutdowns

Tesla’s streak of record quarterly deliveries has come to an end as a result of China’s COVID shutdowns

Tesla just launched its first European factory in Berlin, Germany, and celebrated the grand inauguration of its Austin, Texas Gigafactory with a “cyber rodeo” — both of which could help offset production challenges created by the COVID-related lockdowns in Shanghai. As supply chain bottlenecks continue to constrain the company’s objectives, Musk recently described both facilities as “giant money furnaces” that are “losing billions of dollars.”