Electric vehicle leader Tesla Inc TSLA reported production and delivery figures for the first quarter of 2022 over the weekend. Here’s a look at how the figures stack up with past quarters.
Tesla’s 2022 Deliveries: Tesla reported a record 343,830 vehicles sold in the third quarter. Deliveries for the quarter were up 35% from the 254,695 vehicles sold in the second quarter. Delveries were up 42.5% year-over-year in the third quarter. The results from Tesla came in shy of most analysts esimates of around 360,000.
Tesla announced third quarter production was 365,923 vehicles.
The third quarter figure beats a previous record set in the first quarter of the year, when Tesla reported record quarterly deliveries of 310,048 vehicles. The company reported production of 305,407 vehicles in the first quarter, falling just shy of a record 305,840 vehicles produced in the fourth quarter of 2021.
“In the first quarter we produced over 305,000 vehicles and delivered over 310,000 vehicles, despite ongoing supply chain challenges and factory shutdowns,” the company said.
Tesla CEO Elon Musk called the first quarter exceptional given the challenges faced in China and by the supply chain.
“Outstanding work by Tesla team & key suppliers saved the day,” Musk tweeted.
Going forward, Tesla opened its Gigafactory in Berlin in the first quarter and is opening its Gigafactory in Austin, Texas on April 7. The new factories will help the company push forward on a goal of producing two million vehicles annually, with a current goal of 1.5 million vehicles produced in 2022.
Tesla Production Numbers By Quarter: Here’s a look at how Tesla has fared in producing vehicles each quarter dating back to 2019.
- Q1 2019: 77,138
- Q2 2019: 87,048
- Q3 2019: 96,155
- Q4 2019: 104,891
- Q1 2020: 102,672
- Q2 2020: 82,272
- Q3 2020: 145,036
- Q4 2020: 179,757
- Q1 2021: 180,338
- Q2 2021: 206,421
- Q3 2021: 237,823
- Q4 2021: 305,840
- Q1 2022: 305,407
- Q2 2022: 258,580
- Q3 2022: 365,923
Related Link: The Religion Of Tesla, How Gigafactory Texas Fanfare Shows The Strong Brand Of EV Giant
Tesla Vehicle Deliveries By Quarter: Here’s a look at how Tesla has fared in deliveries of vehicles in each quarter dating back to 2019.
- Q1 2019: 63,019
- Q2 2019: 95,356
- Q3 2019: 97,186
- Q4 2019: 112,095
- Q1 2020: 88,496
- Q2 2020: 90,891
- Q3 2020: 139,593
- Q4 2020: 180,667
- Q1 2021: 184,877
- Q2 2021: 201,304
- Q3 2021: 241,391
- Q4 2021: 308,650
- Q1 2022: 310,048
- Q2 2022: 254,695
- Q3 2022: 343,830
Key Takeaways: A quick look at the figures shows that production has increased in each sequential quarter with the exception of two quarters in 2020 during the COVID-19 pandemic with lockdowns and factory restrictions and the recently reported first and second quarters of 2022, which was once again affected by COVID-19 lockdowns in China.
Deliveries have also grown in each quarter, with the exception of two quarters in 2020 during the COVID-19 pandemic and the second quarter of 2022, hurt by factory shutdowns and production numbers.
The data shows that Tesla continues to expand its production capabilities and is continuing to see increased demand from consumers, a trend investors hope will continue.
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