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Many were assuming Tesla would deliver between 160,000 and 170,000 vehicles. Notably, Tesla managed to deliver 1,890 new Model S vehicles during the quarter. Tesla delivered 184,800 electric vehicles and produced 180,338 in the first quarter of the new year. It’s the first time Tesla achieved over 200,000 vehicle deliveries in a single quarter and the slightly beat Wall Street expectations. Our teams have done an outstanding job navigating through global supply chain and logistics challenges.” “In the second quarter, we produced and delivered over 200,000 vehicles. The automaker acknowledged “global supply chain and logistics challenges” in its brief press release about the results: Tesla's domestic and international revenue 2018-2021 Tesla: vehicle deliveries by main model and. Today, Tesla announced its delivery and production results for the second quarter 2022 and confirmed another delivery record of 201,250: The remaining quarterly figures prior to Q1 2022 were taken from previous Tesla updates. Tesla Q2 2021 delivery and production results (NASDAQ: TSLA) is expected to miss Wall Street expectations of 174,000 deliveries for the first quarter due to near-term headwinds, but thats not a cause for concern. However, the Wall Street consensus was a more optimistic 200,000-vehicle delivered in Q2. Lately, Tesla had been breaking new delivery records every quarter, 185,000 vehicles were the record last quarter, but some analysts predicted that those issues could result in Tesla delivering fewer vehicles in Q2. It resulted in June and especially the very end of the quarter potentially making a very important difference in the overall delivery results for the quarter. The company said it was able to navigate through global chip supply shortage issues.Tesla has confirmed that it managed to build 206,421 vehicles and deliver 201,250 electric cars in Q2 2021 – a new record for the electric automaker.Īs we previously reported, the expectations for Tesla this quarter were kind of all over the place since it has been known that the company was facing some important supply chain challenges in Q2.ĭelays in bringing the new Model S to market created a backlog at the end of the quarter, and on top of that, over 10,000 vehicles were put on a containment hold in May, which delayed many deliveries until Tesla was able to push its new computer vision system. The carmaker, led by billionaire entrepreneur Elon Musk, said revenue rose to $10.39 billion from $5.99 billion a year earlier.Īnalysts had expected revenue of $10.29 billion, according to IBES data from Refinitiv.
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The company said it was able to navigate through global chip supply shortage issues in part by pivoting extremely quickly to new microcontrollers. Tesla said first deliveries of the new Model S should start very shortly, while Model Y production rate in Shanghai continued to improve quickly. Tesla beat Wall Street expectations for first-quarter revenue on Monday after it posted record deliveries earlier this month for the three-month period on robust demand from China. The company had said it delivered a record 184,800 vehicles globally in the January to March quarter, beating market expectations on strong demand from China. Tesla beat Wall Street expectations for first-quarter revenue on Monday after it posted record deliveries earlier this month for the three-month period on robust demand from China. Tesla to pay workers’ abortion travel costs after moving HQ to Texasīiden sought Tesla’s help on electric car policy despite Elon Musk feud ‘Big Short’ investor: Tesla layoffs an ominous sign for white-collar workers Tesla hit by new lawsuit alleging racial abuse against Black workers