Average Price Of Electric Vehicles Rises, As Supply Costs Continue To Increase Photo by Justin Sullivan/Getty Images

There was a drop in the number of cars delivered by the company during the second quarter. The report that was published on the site signals an end to a nearly two-year-long run of record quarterly deliveries for the company.

The Model 3 and Model Y vehicles made up over 200,000 of the deliveries. The company said it built a total of 258,590 vehicles.

The company is one of the most valuable in the world because of China. The nation's strict COVID policy has taken its toll on the Shanghai Gigafactory, as it has been caught in a seemingly endless loop of openings and closings.

In March and April of this year, the factory in Shanghai was shut down for a couple of days due to a spike in COVID-19 cases. Both Model 3s and Model Ys are produced at the plant.

The grand opening of its Austin, Texas Gigafactory and the opening of its first European factory in Berlin, Germany, could help offset production issues caused by the COVID-related lockdowns in China. Both factories are losing billions of dollars due to supply chain constraints, according to Musk.