Updated July 20, 2022 at 4:35 PM ET
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Tesla reported its first sequential drop in quarterly earnings in more than a year as it recovers from a prolonged shutdown at its Shanghai assembly plant.
The electric car maker reported second-quarter revenue of $ 16.9 billion on Wednesday, down from $ 18.8 billion in the first quarter. Analysts expected Tesla to report about $ 16.5 billion in sales.