A large cowboy boot is on show outdoors the Tesla Giga Texas manufacturing facility throughout the “Cyber Rodeo” grand opening get together on April 7, 2022 in Austin, Texas.
Suzanne Cordeiro | AFP | Getty Photographs
Tesla just posted its second-quarter automobile manufacturing and supply numbers for 2022. Listed below are the important thing numbers:
- Whole deliveries Q2 2022: 254,695
- Whole manufacturing Q2 2022: 258,580
Supply numbers, that are the closest approximation of gross sales reported by Tesla, fell simply shy of analysts’ expectations.
In line with a consensus compiled by FactSet-owned Road Account, analysts had been anticipating deliveries of 256,520 automobiles for the quarter, which was marked by Covid restrictions, provide chain snarls, semiconductor chip and different components shortages.
Final yr, Tesla delivered 201,250 automobiles within the second quarter, its first time delivering greater than 200,000 models in a three-month interval. Within the first quarter of 2022, Tesla delivered 310,048 vehicles.
In the present day’s supply numbers represented gross sales progress of 26.5% year-over-year, and a 17.9% lower sequentially for Elon Musk’s electrical automobile enterprise.
The corporate has soft-guided to round 50% common annual progress, long-term, relying on manufacturing capability and different components.
In Tesla’s first-quarter shareholder deck, the corporate mentioned, “We plan to develop our manufacturing capability as rapidly as potential. Over a multi-year horizon, we count on to realize 50% common annual progress in automobile deliveries.”
In China this quarter, Tesla needed to shut down or solely permit partial operations at its Shanghai manufacturing unit for weeks resulting from covid-related public well being orders. (FactSet famous that some analysts’ projections had been excluded from the StreetAccount consensus if they didn’t have in mind the Shanghai manufacturing unit shutdown.)
Different provide chain snarls, worsened by Russia’s brutal invasion of Ukraine, additionally impacted Tesla and the broader auto trade throughout the quarter.
Individually, Tesla is grappling with the excessive prices of constructing out and beginning up manufacturing at new factories in Austin, Texas and close to Berlin along with its Fremont, California and Shanghai vegetation. CEO Elon Musk has publicly lamented that the brand new factories are costing Tesla billions, however haven’t but been capable of make sufficient automobiles and batteries to justify their prices.
As startups and legacy automakers provide extra new electrical automobiles, Tesla’s share of the global and domestic EV market is anticipated to lower however stay substantial.