Tesla (TSLA) delivered a record 310,048 electric vehicles in this year’s first quarter, up 68%
from the same period of 2021.
In a news release, Tesla said its Model 3 and Model Y vehicles comprised 95%, or 295,324, of
deliveries in the first quarter of 2022.
Analysts had expected deliveries of 317,000 vehicles for the first three months of this year,
according to estimates from FactSet. The estimates ranged from a low of 278,000 vehicle
deliveries to a high of 357,000.
Tesla recently opened a new factory in Brandenburg, Germany, and had a ribbon-cutting
ceremony on March 22. Tesla also plans to host a grand opening and “cyber rodeo” event on
April 7, at another new vehicle assembly plant it’s building in Austin, Texas.
Tesla moved its headquarters to Austin last December but still operates its first electric car
factory in Fremont, California.
Globally, Tesla’s operations during the quarter, which ended March 31, were weighed down by
a Covid surge and new health restrictions in China, requiring temporary production halts at its
Shanghai plant.
Tesla, along with the rest of the automotive industry, has also been hurt by widespread parts
shortages, and inflation. Critical components such as semiconductors remain in short supply,
and prices have increased for raw materials like nickel and aluminum after Russia launched an
invasion of Ukraine in February.
