Tesla today released its Q1 2022 delivery and product results and confirmed 310,000 deliveries, a new all-time delivery record despite a tough quarter for a number of reasons.
Due to supply chain problems and Gigafactory Shanghai 2 separate shutdowns, many believed that Tesla would finally break quarterly delivery records.
We estimate that Tesla will easily break its Q1 delivery record, but it will be even harder to break the all-time delivery record of 308,000 vehicles reached in the last quarter (Q4 2021).
However, the automaker today announced its results and announced the delivery of 310,000 vehicles in the first quarter of 2022:
“In the first quarter, we produced 305,000 vehicles and delivered 310,000 vehicles, despite continued supply chain challenges and factory closures.”
Production was down slightly from last quarter’s all-time high of 305,840, but Tesla still had enough inventory to break its all-time delivery record.
Here are Tesla’s production and distribution results for Q1 2022:
|Operational leasing is subject to accounting
|Model S / X
|Model 3 / Y
The results are quite impressive compared to the same period last year (Q1 2021) when Tesla produced 180,338 vehicles and distributed 184,800 vehicles.
This represents a 69% increase in year-over-year production, while other automakers have reduced production capacity over the past year due to supply chain problems.
Tesla would have done even better if Gigafactory Shanghai had not been shut down twice last month due to Govt-19 restrictions. Otherwise we estimate that Tesla would have produced about 10,000 additional vehicles.
These are impressive results for Tesla in the context of current supply chain problems and factory closures due to Govt-19 restrictions in China.
Unfortunately, they are expected to continue in Q2 2022.
Otherwise, Tesla Gigafactory will grow significantly in the current quarter as it raises Berlin and Texas.
Another problem is that the former Gigafactory relies on supplies from Shanghai and other suppliers in China, which may be affected by current restrictions due to the increase in COVID-19 cases in the country.
This should be another interesting quarter for the largest EV vehicle manufacturer.
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