Tesla Delivers Record Vehicles in Q1; Output Falls as China Shutdown Weighs

Tesla Delivers Record Vehicles in Q1; Output Falls as China Shutdown Weighs
A Tesla logo on a Model S inside of a Tesla dealership in New York on April 29, 2016. Lucas Jackson/Reuters
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Tesla Inc. on Saturday reported record electric vehicle deliveries for the first quarter, largely meeting analysts’ estimates, but production fell from the previous quarter as supply chain disruptions and a China plant suspension weighed.

“This was an *exceptionally* difficult quarter due to supply chain interruptions & China zero COVID policy,” Chief Executive Elon Musk wrote on Twitter. “Outstanding work by Tesla team & key suppliers saved the day.”