Photo: @JayinShanghai
A filing with the Securities and Exchange Commission (SEC) shows Tesla saw a dropoff in its revenue in China, during its Q2 which faced major halts to production.
Tesla’s revenue in China dropped 18.56 percent in Q2 compared to its Q1 results, resulting in a total of $3.8 billion in the country, according to a 10Q filing with the SEC as detailed in a report from CnEVPost.
Tesla’s revenue in China was still up 32.45 percent year over year compared to its $2.859 billion in revenue in Q2 2021 — despite being down from Q1 2022’s $4.65 billion in revenue.
Over 7,000 Tesla Vehicles Set to Be Shipped from Luchao Port in China [VIDEO] https://t.co/CYISmYEIPo
— TeslaNorth.com (@RealTeslaNorth) July 15, 2022
While Tesla’s global revenue in Q2 was $16.9 billion, its revenue in China made up about 22.4 percent of the total, down from making up 24.8 percent of global revenue in the first quarter.
The primary reason for the drop-off was Tesla’s 22-day production halt at Giga Shanghai, causing the automaker to miss out on tens of thousands of produced vehicles.
Tesla produced just 10,757 units at Giga Shanghai in April, selling only 1,512 units in China in the same month.
Additionally, the subsequent period of time included a gradual ramp-up of the production facility, before the automaker finally reached full production levels in the past few weeks.
Still, Tesla sold 32,165 vehicles in May and a record-breaking 78,906 units in June, according to data from the China Passenger Car Association (CPCA).
