Tesla’s Production And Delivery Numbers Slow

Tesla’s Flagship Model S Sedan (Image Courtesy Of Tesla Inc.)

Tesla, the largest automaker in the world by market capitalization, produced 305,407 Model S, Model X, Model 3, and Model Y vehicles in Q1 2022 and delivered a total of 310,048 vehicles compared to 305,840 produced units and 308,600 deliveries in Q4 2021. The drop-off marked one of the weakest quarter-over-quarter growth comparisons in recent years. Tesla cited ongoing supply chain challenges and factory shutdowns as two reasons for the weak numbers.

Tesla will post its financial results for Q1 2022 after market close on Wednesday, April 20, 2022. At that time, Tesla will issue a brief advisory containing a link to the Q1 2022 update, which will be available on Tesla’s Investor Relations website. Tesla management will hold a live question and answer webcast that day at 4:30 p.m. Central Time (5:30 p.m. Eastern Time) to discuss the company’s financial and business results and outlook.