Beautiful Virgin Islands

Friday, Feb 03, 2023

Tesla delivered 254,695 electric vehicles in the second quarter of 2022

Tesla delivered 254,695 electric vehicles in the second quarter of 2022

Tesla just posted its second-quarter vehicle production and delivery numbers for 2022.

Tesla just posted its second-quarter vehicle production and delivery numbers for 2022. Here are the key numbers:

* Total deliveries Q2 2022: 254,695

* Total production Q2 2022: 258,580

Delivery numbers, which are the closest approximation of sales reported by Tesla, fell just shy of analysts’ expectations.

According to a consensus compiled by FactSet-owned Street Account, analysts were expecting deliveries of 256,520 vehicles for the quarter, which was marked by 1Covid1 restrictions, supply chain snarls, semiconductor chip and other parts shortages.

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

Today’s delivery numbers represented sales growth of 26.5% year-over-year, and a 17.9% decrease sequentially for Elon Musk’s electric vehicle venture.

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

In Tesla’s first-quarter shareholder deck, the company said, “We plan to grow our manufacturing 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 operations at its Shanghai factory for weeks due to 1covid1-related public health orders. (FactSet noted that some analysts’ projections were excluded from the StreetAccount consensus if they did not take into account the Shanghai factory shutdown.)

Other supply chain snarls, worsened by Russia’s brutal invasion of Ukraine, also impacted Tesla and the broader auto industry during the quarter.

Separately, Tesla is grappling with the high costs of building out and starting up production at new factories in Austin, Texas and near Berlin in addition to its Fremont, California and Shanghai plants. CEO Elon Musk has publicly lamented that the new factories are costing Tesla billions, but have not yet been able to make enough vehicles and batteries to justify their costs.

As startups and legacy automakers offer more new electric vehicles, Tesla’s share of the global and domestic EV market is expected to decrease but remain substantial.

Newsletter

Related Articles

Beautiful Virgin Islands
Close
0:00
0:00
EU found a way to use frozen Russian funds
I have a dream, MLK inspiring speech
WARNING GRAPHIC CONTENT - US Memphis Police murdering innocent Tyre Nichols
Aretha Franklin, Marvis Staples - Oh Happy Day
Almost 30% of professionals say they've tried ChatGPT at work
BVI Freedom Song
Interpol seeks woman who ran elaborate exam cheating scam in Singapore
Billy Preston - You Can't Beat God Giving (Live)
What is ChatGPT?
VIRGIN ISLANDS REGGAE CARIBBEAN RIDDIMZ
Bill Gates is ‘very optimistic’ about the future: ‘Better to be born 20 years from now...than any time in the past’
Oh Happy Day Edwin Hawkins - Anthony Brown w FBCG Combined Choir
Tesla reported record profits and record revenues for 2022
'Stand by Me' performed by Karen Gibson and The Kingdom Choir
Prince Andrew and Virginia Giuffre Photo Is Fake: Ghislaine Maxwell
National Anthem of the British Virgin Islands - Oh, Beautiful Virgin
Opinion | Israel’s Supreme Court Claims a Veto on Democracy
Hello Dolly
Moonwalker Buzz Aldrin Gets Married On His 93rd Birthday
for KING & COUNTRY - Amen (Reborn) [feat. Lecrae & The WRLDFMS Tony Wi
Who’s Threatening Israeli Democracy?
Bob Marley - Get Up Stand Up
Federal Reserve Probes Goldman’s Consumer Business
Yes He Can
China's first population drop in six decades
What A Friend We Have In Jesus
Microsoft is finalising plans to become the latest technology giant to reduce its workforce during a global economic slowdown
Unforgettable
China's foreign ministry branch in Hong Kong urges British gov't to stop the biased and double standards Hong Kong report
Touch The Hem Of His Garment
Tesla slashes prices globally by as much as 20 percent
The Lord's Prayer
1.4 Million Copies Of Prince Harry's Memoir 'Spare' Sold On 1st Day In UK
THE GOD MOVEMENT...BEAUTIFUL BVI
After Failing To Pay Office Rent, Twitter May Sell User Names
Siyahamba
Lisa Marie Presley, singer and daughter of Elvis, dies aged 54
Ray Charles And The Voices Of Jubilaton, Oh, Happy Day
FIFA president questioned by prosecutors
Ramblin' Rose
Britain's Sunak breaks silence and admits using private healthcare
Protoje - Who Knows ft. Chronixx
Hype and backlash as Harry's memoir goes on sale. Unnamed royal source says prince 'kidnapped by cult of psychotherapy and Meghan'
Pressure - Virgin Islands Nice
Saudi Arabia set to overtake India as fastest-growing major economy this year 
Phil Wickham - House Of The Lord
Google and Facebook’s dominance in digital ads challenged by rapid ascent of Amazon and TikTok
My God Is Real (Yes, God Is Real)
FTX fraud investigators are digging deeper into Sam Bankman-Fried's inner circle – and reportedly have ex-engineer Nishad Singh in their sights
The Lion King Circle of Life by LEBO M. — LIVE at the HAVASI Symphonic
TikTok CEO Plans to Meet European Union Regulators
Louis Armstrong - When The Saints Go Marching In
UK chaos: Hong Kong emigrants duped by false prospectus
Kanye West Sunday Service - hallelujah, salvation, and glory
France has banned the online sale of paracetamol until February, citing ongoing supply issues
Jonathan Nelson - I Believe (Island Medley
Japan reportedly to give families 1 million yen per child to move out of Tokyo
From The Virgin Islands Sqad Up
Will Canada ever become a real democracy?
Common, John Legend - Glory
Hong Kong property brokerages slash payrolls in choppy market
Anthony Evans vs. Jesse Campbell - If I Ain't Got You
U.S. Moves to Seize Robinhood Shares, Silvergate Accounts Tied to FTX
I have a dream, MLK inspiring speech
Effect of EU sanctions on Moscow is ‘less than zero’ – Belgian MEP
Aretha Franklin, Marvis Staples - Oh Happy Day
Coinbase to Pay $100 Million in Settlement With New York Regulator
BVI Freedom Song
×