Categories: Electric Cars

Tesla (TSLA) announces just over 250,000 deliveries – first down quarter in a long time

Tesla publicizes its second quarter (Q2) 2022 manufacturing and supply outcomes right now and confirmed simply over 250,000 deliveries – its first down quarter in a very long time.

Whereas many of the auto business noticed a big decline in deliveries in 2020 as a result of pandemic and subsequent chip scarcity, Tesla managed to develop at a formidable fee.

The truth is, Tesla had 9 quarters of supply progress in a row since 2020. That makes the corporate utterly distinctive within the auto business for quantity producers.

The automaker managed to navigate each restrictions and limitations as a result of pandemic and pivot to alternate options to keep away from the majority of the chip scarcity.

It’s not like Tesla was utterly unaffected, it was a tough time, however its quarterly didn’t present it.

In Q2 2022 , it lastly caught as much as the automaker as COVID-19 restrictions in Shanghai compelled the automaker to close down its manufacturing facility for a big a part of the quarter.

Most business analysts put Tesla’s Q2 supply estimates between 250,000 and 270,000 items – or about 50,000 items down from the earlier quarter, which was an all-time excessive.

Tesla Q2 2022 Manufacturing and Supply Outcomes

Right now, Tesla launched its manufacturing and supply outcomes for the second quarter of 2022 and confirmed that the estimates had been principally proper.

The automaker confirmed 254,695 deliveries throughout the quarter and manufacturing of 258,580 autos:

Manufacturing Deliveries Topic to working lease accounting
Mannequin S/X 16,411 16,162 12%
Mannequin 3/Y 242,169 238,533 3%
Whole 258,580 254,695 4%

In a quick press launch for the outcomes, Tesla confirmed the “provide chain challenges and manufacturing facility shutdowns” resulted in its first down quarter in 2 years.

Curiously, Tesla additionally talked about that June 2022 was the corporate’s finest month ever for car manufacturing:

“Within the second quarter, we produced over 258,000 autos and delivered over 254,000 autos, regardless of ongoing provide chain challenges and manufacturing facility shutdowns past our management. June 2022 was the very best car manufacturing month in Tesla’s historical past.”

We reported that Tesla not too long ago managed to impressively ramp up manufacturing at Gigafactory Texas. The automaker can be growing manufacturing capability at each single one in all its manufacturing services.

Tesla is aiming to have 4 factories with every a manufacturing capability of over half 1,000,000 autos per 12 months throughout the subsequent 12 months. That’s extra all-electric autos than some other automaker can produce.


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