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Tesla

Tesla Q1 2022 Production & Delivery numbers – a fresh start

On the second of August, Tesla Motors released its Q1 2022 numbers, proving a fresh start.

Under the table below you can find all the mandatory information that the company shared publicly.

ProductionDeliveries
Model S/X14,21814,724
Model 3/Y291,189295,324
Total305,407310,048
Source: Tesla Vehicle Production & Deliveries and Date for Financial Results & Webcast for First Quarter 2022

Despite the factory shutdowns the company had to bear recently, along with the ongoing crisis around the world, Tesla managed to produce a little over 305,000, delivering over 310,000. If this does not sound too high, compare that to Tesla’s production/delivery numbers from Q1 2021, where the company produced 180,338 and delivered 184,800 vehicles in total. We’re looking at a year increase of almost 70%, which is staggering, even for a company of such magnitude. Another noticeable detail is that Tesla SUVs (such as Model S and X) are not in such high demand.

Wedbush Securities’ Daniel Ives and John Katsingris stated in a note on Saturday that the first-quarter sales were a solid move in the right direction for the next phase of Tesla growth, while they recognized that some analysts had expected more.

After the market closes on Wednesday, April 20, 2022, Tesla will release its financial results for the first quarter of 2022. Tesla will then provide a brief alert with a link to the Q1 2022 update, which will be available on Tesla’s Investor Relations website at that time.

Source: Twitter
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