Tesla Ends Streak of Record Quarterly Profits After China Factory Shutdown

Tesla, grappling with soaring inflation and supply-chain disruptions, reported its first sequential decline in quarterly profit in more than a year

Elon Musk’s electric-vehicle maker also is grappling with soaring inflation and supply-chain disruptions

Elon Musk said Tesla’s factories in Germany and Texas are losing billions of dollars as supply-chain snags and battery-cell manufacturing hurdles limit production. Output at the company’s Shanghai plant also took a hit during the city’s Covid-19 lockdown. Photo: Patrick Fallon/ReutersTesla Inc.

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