Tesla TSLA Q1 2022 vehicle production and delivery figures
Customers view new energy electric vehicles at a Tesla store in Shanghai, China on December 4, 2021.
Edition of the future | Edition of the future | Getty Images
Tesla just released first quarter vehicle production and delivery numbers for 2022.
Here’s how they did it.
Electric vehicle deliveries (total): 310,048
Production of electric vehicles (total): 305,407
During the same period last year, Tesla delivered 184,800 electric vehicles and produced 180,338 cars.
Model 3 and Model Y vehicles accounted for 95%, or 295,324, of deliveries in the first quarter of 2022, according to Tesla.
The company produced 4,641 fewer cars than it delivered in the quarter, citing “ongoing supply chain challenges and plant closures”.
Analysts forecast deliveries of 317,000 vehicles for the first three months of 2022, according to estimates compiled by FactSet as of March 31. Estimates ranged from a low of 278,000 vehicle deliveries to a high of 357,000.
Deliveries are the closest approximation to sales figures reported by Tesla.
The company recently opened a new factory in Brandenburg, Germany, and held a groundbreaking ceremony on March 22. Tesla also plans to hold a grand opening and “cyber rodeo” event on April 7, at another new vehicle assembly plant it is building. Austin, Texas.
Tesla officially moved its headquarters to Austin on Dec. 1, but still operates its first electric car factory in Fremont, California.
Globally, Tesla’s operations in the quarter, which ended March 31, were weighed down by a Covid surge and new health restrictions in China, necessitating temporary production shutdowns at its factory in Shanghai. In the fourth quarter, Tesla delivered 308,600 electric vehicles, marking a record for the company.
Tesla, along with the rest of the auto industry, has also been hit by widespread parts shortages and inflation. Critical components like semiconductors remain in short supply and prices rose for raw materials like nickel and aluminum after Russia launched an invasion of Ukraine in February. In the United States, Tesla has left customers waiting for months before filling their car orders.
Tesla CEO Elon Musk warned in mid-March of inflationary pressures on the company and raised prices for its cars in the United States and China.
— CNBC’s Jordan Novet contributed to this report.
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