On December 4, 2021 at the Tesla store in Shanghai, China, customers experience new power electric vehicles.
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Tesla has just reported on the production and supply of cars in the first quarter of 2022.
Here’s how they did it.
Supplies of electric vehicles (total): 310,048
Manufacture of electric vehicles (total): 305 407
During the same period last year, Tesla supplied 184,800 electric vehicles and produced 180,338 vehicles.
According to estimates compiled by FactSet as of March 31, analysts expected deliveries of 317,000 vehicles in the first three months of 2022. Estimates ranged from a minimum of 278,000 vehicles to a maximum of 357,000.
Deliveries are the closest approximation to the sales figures reported by Tesla.
The company recently opened a new plant in Brandenburg, Germany, and on March 22 held a ribbon-cutting ceremony. Tesla also plans to hold a grand opening and cyber-rodeo event on April 7 at another new car assembly plant under construction in Austin, Texas.
Tesla officially moved its headquarters to Austin on December 1, but still operates its first electric vehicle plant in Fremont, California.
Globally, Tesla’s operations during the quarter ended March 31 were hampered by the Covid surge and new health restrictions in China, which required a temporary cessation of production at its plant in Shanghai. In the fourth quarter, Tesla delivered 308,600 EVs, a record for the company.
Tesla, along with the rest of the automotive industry, has also suffered from widespread spare parts shortages and inflation. Critical components, such as semiconductors, remain in short supply, and commodity prices, such as nickel and aluminum, have risen since Russia launched an invasion of Ukraine in February. In the US, Tesla leaves customers to wait months before fulfilling an order for a car.
Tesla CEO Elon Musk warned in mid-March of inflationary pressures on business and raised prices for his cars in both the US and China.
– Jordan Novet of CNBC contributed to this report.
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