|Bid||679.75 x 800|
|Ask||679.50 x 800|
|Day's range||666.36 - 690.69|
|52-week range||620.46 - 1,243.49|
|Beta (5Y monthly)||2.13|
|PE ratio (TTM)||91.39|
|Earnings date||25 Jul 2022 - 29 Jul 2022|
|Forward dividend & yield||N/A (N/A)|
|1y target est||893.72|
Ride-hailing company that is expanding into electric vehicle production warns against offering incentives to US group
Parts shortages and pandemic-related production shutdowns at Tesla’s plant in Shanghai caused a big drop in the electric car maker’s latest global vehicle deliveries, according to figures released on Saturday. The delivery figure was well below the 350,000 that Wall Street had been expecting at the beginning of the quarter, though analysts started scaling back their forecasts in late April after chief executive Elon Musk warned that the figure was likely to be roughly level with the 310,000 of the first quarter. Tesla has been scrambling since the end of March to boost production at its main US plant in Fremont to make up some of the shortfall.
Tesla Inc delivered 17.9% fewer electric vehicles in the second quarter from the previous quarter, as China's COVID 19-related shutdown disrupted its production and supply chain. The world's biggest electric car maker said on Saturday that it delivered 254,695 vehicles in the April to June period, compared with 310,048 vehicles in the preceding quarter, ending a nearly two-year-long run of record quarterly deliveries. A resurgence in COVID-19 cases in China had forced Tesla to temporarily suspend production at its Shanghai factory and also affected suppliers' facilities in the country.