Tesla on Saturday morning announced its Q1 2022 production and delivery numbers. The electric vehicle (EV) maker produced 305,407 cars and delivered an all-time high of 310,048 units across the globe.
“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 in a press release.
Tesla produced 291,189 Model 3/Y units and 14,218 Model S/X units. The company delivered 295,324 Model 3/Y vehicles and 14,724 Model S/X vehicles.
The results beat Wall Street’s expectations of a little over 308,000 vehicles in the quarter, which would have been a record-breaking first quarter for the automaker. Instead, Tesla has posted its best quarter yet for deliveries overall.
During the final quarter of 2021, Tesla produced 305,840 cars and delivered 308,600 for its then-best performance in any quarter to date. Q1 2022 deliveries represent a 0.47% increase quarter-over-quarter.
As for year-over-year growth, Tesla produced 180,338 vehicles during Q1 2021 and delivered 184,800, adding up to a 67.7% increase in deliveries from last year.
“All things considered, great result by the team,” Martin Viecha, Senior Director of Investor Relations at Tesla, said on Twitter as he congratulated the company.
310k deliveries! All things considered, great result by the team 👍https://t.co/C9az37r1Ux
— Martin Viecha (@MartinViecha) April 2, 2022
Tesla is posting these record-breaking numbers just as the company’s European Gigafactory in Germany is ramping up production after dispatching its first deliveries, and weeks before the electric automaker holds an opening event for Gigafactory Austin.
Production at Tesla’s Gigafactory in Shanghai has been suspended for almost a week now amidst surging COVID-19 cases in China, which could put a damper on production. However, Giga Berlin should be able to pick up the slack in the long run now that it is operational.
Tesla will post its financial results for the first quarter of 2022 after market close on Wednesday, April 20, 2022.
Update: Tesla CEO Elon Musk echoed the company’s production woes this quarter, including “supply chain interruptions” and the COVID-19 outbreak in China, as he commended Tesla’s team and suppliers on a job well done.
This was an *exceptionally* difficult quarter due to supply chain interruptions & China zero Covid policy.
Outstanding work by Tesla team & key suppliers saved the day.
— Elon Musk (@elonmusk) April 2, 2022
…developing, more to follow
Nehal has a passion for everything tech — from electric vehicles to the latest smartphones, and everything in between, including coffee (click here to buy me a coffee!). Click here to get 1,000 Tesla Supercharger miles free with your next Tesla purchase.