Tesla’s sales last quarter were affected by supply chain issues and pandemic restrictions in China. The electric vehicle maker’s April-June sales fell to their lowest quarterly level since last fall. On Saturday, Tesla revealed that it sold more than 254,000 cars and SUVs in the second quarter, an 18% drop from the first three months of this year and also well below the pace of last year’s final quarter. A Tesla vehicle drives past Tesla’s main vehicle factory in Fremont, California. REUTERS/Stephen Lam (REUTERS/Reuters Photos) Tesla wasn’t alone, as the rest of the industry reported a 21 percent drop in sales during a quarter in which the average price of vehicles soared to $45,844 amid soaring inflation, according to JD Power. 100M TWITTER FOLLOWERS: ELON MUSK CROSSED THE MILESTONE The impact of the sales decline is expected to weigh on the company’s earnings for the quarter to be announced on July 20. TESLA CLOSES SILICON VALLEY OFFICE, FIRES 200 WORKERS It’s been a tumultuous quarter for Tesla, as CEO Elon Musk made a $44 billion bid for Twitter, which he put on hold after complaining that it had too many non-human spam bot users. The billionaire said he believes at least 20% of Twitter users may be spam, fake accounts (Getty images | istock) Tesla shares are down 35% this year. Ticker Security Last Change Change %TSLA TESLA INC. 681.79 +8.37 +1.24% The company said it produced more vehicles in June than any other month in its history. ELON MUSK BREAKS TWITTER SILENCE WITH PHOTO OF POPE’S EX-WIFE IN ITALY Musk was absent from Twitter for nine days until he posted a photo on Friday of himself and four of his children meeting with Pope Francis in Italy. In recent months, Musk has discussed topics such as bringing workers back to the office and a possible 10 percent reduction in Tesla’s workforce due to a possible recession. The Associated Press contributed to this report.
