Elon Musk recently posted a tweet in which he outlined the difficulties faced by the company during the first quarter of 2022. These included:
- Supply chain interruptions;
- China’s zero COVID policy.
However, he also highlighted that the great efforts of the Tesla team and its key suppliers aided the company in coming out of the difficult times triumphantly.
How Many Tesla Vehicles Were Produced & Delivered In Q1 2022?
Here are a few numbers that tell how many Tesla vehicles were produced and delivered during the first quarter of the running year:
- Vehicles Produced: 305,407;
- Vehicles Delivered: 310,048;
- Subject to operating lease accounting: 4%.
As you can see from the above figures, the number of deliveries exceeded the number of vehicles produced. This is because some of the undelivered vehicles of Q4 2021 were also delivered to their owners during this period.
Why Do These Numbers Matter?
Tesla has a thriving business model and the US giant recently opened its Berlin Gigafactory as well. Now with its presence on three different continents, the company is all set to address the global EV needs.
However, Musk himself highlighted that the first quarter was instrumental for Tesla because it comprised extremely tough times.
Pandemic Caused Issues By Disrupting Supply Chain
The pandemic forced several factories in Shanghai to shut their production facilities for 6 days in March.
Thus supply chain restraints wreaked havoc for automakers in general and EV manufacturers in particular.
Using Alternative Chips & Writing Its Own Software
During such times Tesla had to undertake several major steps to make sure that its productions and deliveries didn’t take many hits.
One such step was when Tesla decided to take on the chip shortage issue by using alternatives. It even went as far as writing its own software just to make sure that vehicle production doesn’t stop.
This approach was fruitful for the company as it was able to deliver over 200,000 vehicles to customers within 3 months by taking this approach.
Whatever It Takes
Tesla’s ability to substitute chips with alternatives and then writing the software on its own also shows that the company is willing to do “whatever it takes” to meet its targets.
This is one of the reasons why Tesla is now maintaining billions of euros in profits each year.
Tesla shares are currently trading for $1145. The company started the last year at $705 and ended it with per share valued at $1056. The stock hit its highest value per share on November 4th when it traded for $1229.9.
The recent addition of the Berlin & Austin Gigafactories to the production line might enable the company to reach its target of producing 2 million EVs annually.
When Will Tesla Release Financial Results For Q1 2022?
The company will release the financial results for the first quarter of 2022 upon the market closing on Wednesday 20th April 2022.
Final Verdict
Tesla is determined to meet its customer’s expectations and deliver their vehicles on time.
The excellent results of Tesla Q1 2022 bear testimony to all that the company is doing for staying at the number one slot in the world of electric vehicles.
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