Tesla (TSLA) Q2 2022 vehicle delivery and production figures

A giant cowboy boot is on display outside the Tesla Giga Texas production facility during the grand opening party “Cyber ​​Rodeo” on April 7, 2022 in Austin, Texas.

Suzanne Cordeiro | AFP | Getty pictures

Tesla has just published its car production and delivery figures for the second quarter of 2022. Here are the key figures:

  • Total deliveries Q2 2022: 254,695
  • Total production Q2 2022: 258,580

Delivery figures, which are the closest approach to sales reported by Tesla, fell just beyond analysts̵[ads1]7; expectations.

According to a consensus prepared by FactSet-owned Street Account, analysts expected deliveries of 256,520 vehicles for the quarter, which were characterized by Covid restrictions, supply chain tightening, semiconductor chips and a lack of other parts.

Last year, Tesla 201 delivered 250,250 cars in the second quarter, the first time delivering more than 200,000 units over a three-month period. In the first quarter of 2022, Tesla delivered 310,048 vehicles.

Today’s delivery figures represented a sales growth of 26.5% from year to year, and a decrease of 17.9% sequentially for Elon Musk’s electric car investment.

The company has softly guided to around 50% average annual growth, long-term, depending on production capacity and other factors.

In Tesla’s shareholder card for the first quarter, the company said: “We plan to increase our production capacity as quickly as possible. Over a multi-year horizon, we expect to achieve 50% average annual growth in vehicle deliveries.”

In China this quarter, Tesla had to shut down or only allow partial operation at the factory in Shanghai for several weeks due to covid-related public health orders. (FactSet noted that some analysts’ estimates were excluded from the StreetAccount consensus if they did not take into account the closure of the Shanghai plant.)

Other snares in the supply chain, exacerbated by Russia’s brutal invasion of Ukraine, also affected Tesla and the wider car industry during the quarter.

Individually, Tesla is struggling with the high costs of expanding and starting production at new factories in Austin, Texas and near Berlin in addition to the factories in Fremont, California and Shanghai. CEO Elon Musk has publicly regretted that the new factories cost Tesla billions, but have not yet been able to make enough vehicles and batteries to justify the costs.

As start-up and older car manufacturers offer more new electric vehicles, Tesla’s share of the global and domestic electric car market is expected to decline, but still be significant.

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