Tesla Inc. TSLA 2.07%▲ is expected to report its first sequential decline in quarterly profit in more than a year as it recovers from an extended shutdown at its Shanghai assembly plant.
Covid-19-related restrictions in China and ongoing supply-chain disruptions limited the company’s second-quarter production, which tumbled 15% from the first three months of the year.
Tesla, after market close, is expected to report second-quarter sales of around $16.5 billion, analysts estimate. That’s up from roughly $12 billion during the same period last year, though below the company’s $18.8 billion in first-quarter revenue.