Customers experience new electric vehicles at a Tesla store in Shanghai, China on December 4, 2021.
Future publication | Future publication | Getty Images
Tesla just reported its first quarter production and delivery numbers for 2022.
Here’s how they did it.
Electric vehicle deliveries (total): 310.048
Electric vehicle production (total): 305,407
In the same period last year, Tesla delivered 184,800 electric vehicles and produced 180,338 cars.
Model 3 and Model Y vehicles accounted for 95%, or 295,324, of deliveries in the first quarter of 2022, according to Tesla.
The company produced 4,641 fewer cars than it delivered during the quarter, citing “ongoing supply chain challenges and plant closures”.
Analysts expected deliveries of 317,000 vehicles for the first three months of 2022, according to estimates prepared by FactSet on March 31. Estimates ranged from a low of 278,000 vehicle deliveries to a high of 357,000.
Deliveries are the closest to sales figures reported by Tesla.
The company recently opened a new factory in Brandenburg, Germany, and held a ribbon cutting ceremony on March 22. Tesla also plans to host a grand opening and “cyberrodeo” event on April 7 at another new car assembly plant it is building. Austin, Texas.
Tesla has officially moved its headquarters to Austin on December 1, but it still has its first electric car factory in Fremont, California.
Globally, Tesla’s business during the quarter ended March 31 was plagued by a Covid wave and new health restrictions in China, requiring temporary production stops at the Shanghai plant. In the fourth quarter, Tesla delivered 308,600 EVs, a record for the company.
Tesla, along with the rest of the auto industry, has also suffered from widespread parts shortages and inflation. Critical components such as semiconductors remain scarce and prices for commodities such as nickel and aluminum have soared after Russia invaded Ukraine in February. In the US, Tesla makes customers wait months before fulfilling their car orders.
Tesla CEO Elon Musk warned of inflationary pressures on the company in mid-March and raised the prices of its cars in both the US and China.
— Slice Mag’s Jordan Novet contributed to this report.
WATCH: Tesla’s stock split shows confidence in the company