Tesla built 365,923 electric vehicles in Q3, up 42 percent from Q2

After pandemic-related disruptions in the second quarter, Tesla ramped up production capacity again in the most recent quarter, resulting in the company making a record number of deliveries between July 1 and September 30. The company built 365,923 electric vehicles in the reporting period. That represents a nearly 54 percent year-over-year increase in production as Tesla produced 237,823 cars in Q3 2021. Production also rose 41.5 percent from Q2 2022, when the automaker built 258,580 vehicles.

The company produced 19,935 Model S and X models in the third quarter and delivered 18,672. For the Model 3 and Model Y, it was 345,988 and 345,988, respectively. Overall, Tesla says it delivered 343,830 vehicles in the third quarter, the most it has delivered in any quarter to date. According to the information, however, this fell short of expectations Reuters. On average, analysts expected Tesla to ship 359,162 electric vehicles during the quarter.

Tesla built about 20,000 more vehicles that it was able to deliver in the third quarter. “As our production volume continues to grow, it becomes increasingly difficult to secure vehicle hauling capacity at a reasonable cost during these peak logistics weeks,” Tesla said in a statement.

CEO Elon Musk noted last year that Tesla sees a significant increase in deliveries at the end of each quarter. That’s because the Shanghai Gigafactory, which recently built its 1-millionth car, makes electric vehicles for Europe and other countries in the first half of each quarter, “then cars for distant parts of China, then cars for nearby parts of China.” , said Musk said.

“In the third quarter, we began transitioning to a more even regional mix of vehicle designs each week, leading to an increase in cars in transit at the end of the quarter,” Tesla said. “These cars have been ordered and will be delivered to customers upon arrival at their destination.”

The number of cars manufactured and delivered by Tesla fell dramatically in the second quarter of 2022. Due to a COVID-19 outbreak in China, the company had to stop work at the Shanghai plant in March. Production has resumed at the plant, while recently opened gigafactories in Berlin and Texas have helped the company significantly improve its production numbers. We’ll learn more about what the increase in production and shipments means for Tesla’s bottom line when the company reports its third-quarter financial results on Oct. 19.

All products recommended by Engadget are selected by our editorial team, independently of our parent company. Some of our stories contain affiliate links. If you buy something through one of these links, we may receive an affiliate commission. All prices are correct at time of publication.

https://www.engadget.com/tesla-q3-2022-manufacturing-figures-191343981.html?src=rss Tesla built 365,923 electric vehicles in Q3, up 42 percent from Q2

Russell Falcon

USTimesPost.com is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – admin@ustimespost.com. The content will be deleted within 24 hours.

Related Articles

Back to top button