Tesla provided 254,695 electric cars in the second quarter of 2022
Key takeaways:
- Tesla just declared second-quarter car production and delivery numbers for 2022.
- A year back, Elon Musk’s electric vehicle business delivered 201,250 cars in the second quarter.
- Tesla was hamstrung on June 30, 2022, by a lack of parts, supply chain jams, and Covid limitations that forced China’s Shanghai factory to shut down or operate only partly for weeks.
Tesla just publicized its second-quarter car production and delivery numbers for 2022. Here are the actual numbers:
- Total deliveries Q2 2022: 254,695
- Full production Q2 2022: 258,580
Delivery numbers, which are the nearest approximation of sales declared by Tesla, fell just shy of critics’ anticipations.
According to a consensus gathered by FactSet-owned Street Account, critics predicted deliveries of 256,520 cars for the quarter, marked by Covid restraints, supply chain snarls, semiconductor chips, and other parts needs.
Last year, Tesla delivered 201,250 cars in the second quarter, its first time having almost 200,000 units in three months. In the first quarter of 2022, Tesla delivered 310,048 cars.
Today’s delivery numbers defined sales growth of 26.5% year-over-year and a 17.9% decline consecutively for Elon Musk’s electric car venture.
The firm has soft-guided to about 50% average yearly growth, long-term, depending on manufacturing power and other factors.
The firm said in Tesla’s first-quarter shareholder deck, “We plan to increase our manufacturing capacity as fast as possible.
Over a multi-year horizon, we anticipate achieving 50% average yearly growth in-car deliveries.”