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Tesla (TSLA) Q3 2022 Vehicle Delivery and Production Numbers

Tesla (TSLA) Q3 2022 Vehicle Delivery and Production Numbers
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A Tesla Model Y on display at a Tesla store at Westfield Culver City Shopping Center in Culver City, California, United States on Thursday, April 14, 2022

Bing Guan | Bloomberg | Getty Images

Electric Vehicle Manufacturers Tesla has just released the vehicle production and delivery figures for the third quarter of 2022. Here are the numbers:

  • Total deliveries Q3 2022: 343,000
  • Total production Q3 2022: 365,000

Deliveries are the closest approximation to Tesla’s reported sales, and they fell short of analysts’ expectations of 364,660 vehicles, according to estimates by FactSet’s own Street Account.

Tesla also said in its report that the company produced 19,935 its higher-priced Model S and X and 345,988 of its more popular Model 3 and Y in the third quarter.

Total production increased from the previous quarter in 2022, when Tesla said it made 258,580 vehicles.

In the same quarter last year, Tesla reported deliveries of 254,695 vehicles and that it had produced 237,823 cars, including just 8,941 Models S and X, the company’s more expensive sedan and SUV with hawk-wing doors, respectively.

In the third quarter of 2022, Tesla faced rising commodity prices, executive turnover (with the notable departure of the leading AI company). Andrei Karpathy in July) and growing pains at its new factories in Germany and Texas.

Tesla has not disclosed its vehicle production and delivery figures by region in the past.

in the July That year, Tesla had to temporarily halt most of its Shanghai factory production to make factory upgrades. By the month AugustHowever, the company’s production and deliveries in China had recovered, according to the China Passenger Car Association.

In the US, Tesla laid off an entire AI office late in the second quarter and made further staff cuts. Musk too instructed that all Tesla employees should Work in a Tesla office at least 40 hours per week, even if previously allowed to work remotely.

After that, some employees were laid off and others decided to quit, while those who returned to the office found overcrowded conditions that lasted through the third quarter, making it difficult to get work done normally at some of the company’s facilities, including its first US auto plant in Fremont, California and a battery plant outside of Reno, Nevada.

In September, at a meeting with all employees at the Nevada Gigafactory, executives celebrated new production records and praised the employees’ hard work.

As CNBC had previously reportedTesla executives said at the time that August was a record month for the Fremont factory in terms of production, and that Tesla’s relatively new Austin, Texas factory is reaching a production rate of 1,000 cars per week on a rolling seven-day basis have. a promising milestone.

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