Makers of electric vehicles Tesla recently released its 2022 third-quarter vehicle production and delivery figures. These are the figures:
343,000 deliveries overall in Q3 2022
Q3 2022 total production: 365,000
The closest approximation to sales reported by Tesla is deliveries, and according to estimates compiled by FactSet-owned Street Account, deliveries fell short of analysts’ expectations by 364,660 vehicles.
Additionally, Tesla reported that during Q3, the company produced 345,988 of its more well-liked Model 3 and Y vehicles and 19,935 of its more expensive Model S and X vehicles.
When Tesla reported making 258,580 vehicles in the previous quarter of 2022, total production increased.
Tesla reported 254,695 vehicle deliveries during the prior quarter and 237,823 vehicles produced, but only 8,941 of those were Model S and X vehicles, the company’s more expensive sedan and SUV with falcon-wing doors, respectively.
Rising commodity prices, executive turnover (including the notable departure of AI leader Andrej Karpathy in July), and growing pains at its new factories in Texas and Germany were some of the challenges Tesla faced in the third quarter of 2022.
Historically, Tesla has not broken out its vehicle production and delivery figures by geographical location.
Tesla had to temporarily halt the majority of production at its Shanghai factory in July of this year so that improvements could be made.
However, according to data from the China Passenger Car Association, the company’s production and deliveries in China had recovered by the month of August.
At the end of the second quarter in the US, Tesla made additional headcount reductions in addition to closing an entire AI office. Musk further stipulated that, even if they had previously been permitted to work remotely, all Tesla employees must spend at least 40 hours per week working at a Tesla office.
Following that, some workers were let go while others made the decision to resign, and those who returned to work discovered that some offices remained overcrowded into the third quarter, making it difficult to conduct business as usual at some of the company’s facilities, including its first American car factory in Fremont, California, and battery plant outside of Reno, Nevada.
By September, executives at the Nevada Gigafactory were announcing new production records and praising workers’ dedication during an all-hands meeting with employees.
Tesla executives previously told CNBC that August had been a record-breaking month for production at the Fremont factory and that the company’s relatively new factory in Austin, Texas, had achieved a promising milestone of producing 1,000 cars per week on a rolling basis.