Delivery figures for Tesla dropped significantly in the second quarter of this year. A confluence of factors may have led to this EV pioneer ceding its crown to Chinese rival BYD.
After weeks of strict lockdown measures, China’s electric vehicle sector is returning to business-as-usual. The latest figures reveal significant sales growth, albeit lower than might have been expected were productivity not limited by COVID-19 and supply chain problems.
Several Chinese EV firms, as well as American sector leader Tesla, have made impressive numbers of vehicle deliveries over 2022’s first quarter. These accomplishments come despite continuing production and supply chain issues facing the global economy.
Tesla capped its blockbuster 2021 with the news that it succeeded in setting a new record for vehicle deliveries despite the global semiconductor chip shortage. However, growing safety concerns regarding the firm’s electric vehicles may cast a shadow on Tesla’s prospects as we move into 2022.
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