Tesla Inc
(NASDAQ:
TSLA) car sales in California
plunged by nearly a half in the quarter ending June, according to data released by marketing research company Cross-Sell on Wednesday.
What Happened
Why It Matters
The majority of the U.S. was under lockdown in the period between April to June to prevent the spread of COVID-19, which affected both production and auto sales in the country.
Production at Tesla's Fremont factory, in California, was
suspended between March and May due to the pandemic.
Tesla revealed earlier this month it
delivered 90,650 vehicles in the second quarter this year. The disclosure by the Palo Alto-based automaker indicates that it had restored production to levels as they existed before the shutdown.
Price Action
On Wednesday, Tesla shares traded 2.26% lower at $1,511 in the after-hours. The shares had closed the regular session 1.93% higher at $1,546.01.
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