Future Publishing | Future Publishing | Getty Images Tesla has just announced the production and delivery numbers of first quarter vehicles for 2022. Here is how they did it. Deliveries of electric vehicles (total): 310,048 Production of electric vehicles (total): 305,407 During the same period last year, Tesla delivered 184,800 electric vehicles and produced 180,338 cars. Analysts had expected deliveries of 317,000 vehicles for the first three months of 2022, according to estimates compiled by FactSet on March 31. Estimates ranged from a low of 278,000 vehicle deliveries to a high of 357,000. Delivery is the closest approach to sales figures reported by Tesla. The company recently opened a new factory in Brandenburg, Germany and had a ribbon-cutting ceremony on March 22nd. Tesla also plans to host a grand opening and cyber rodeo event on April 7 at another new vehicle assembly plant in Austin, Texas. Tesla officially moved its headquarters to Austin on December 1, but still operates its first electric car plant in Fremont, California. Globally, Tesla’s operations during the quarter ended March 31 were burdened by the Covid explosion and new health restrictions in China, which require a temporary shutdown at its Shanghai plant. In the fourth quarter, Tesla delivered 308,600 EVs, setting a record for the company. Tesla, along with the rest of the auto industry, has also been hit by widespread spare parts shortages and inflation. Critical components such as semiconductors remain in short supply and prices have risen for raw materials such as nickel and aluminum following Russia’s invasion of Ukraine in February. In the US, Tesla lets customers wait for months before completing their car orders. Tesla CEO Elon Musk warned in mid-March of inflationary pressures on the company and boosted the prices of its cars in both the US and China. – CNBC’s Jordan Novet contributed to this report. ATTENTION: The split of Tesla shares shows confidence in the company
