Table of Contents
Tesla Sells 309158 Cars Despite Logistics Problems!
Listen to this article
Despite industrywide supply-chain issues, Tesla Inc. is poised to report another record quarter as the world’s leading producer of electric vehicles benefits from high gas prices, driving more consumers toward plug-in versions.
According to a dozen experts, the firm likely delivered 309,158 vehicles globally in the first three months of the year. In the fourth quarter, Tesla delivered nearly 308,000 units, which was its highest performance to that point.
Deliveries were among the most carefully monitored indicators at Tesla since they support the company’s financial performance and are largely seen as a gauge of customer demand for EVs as the automotive industry shifts away from the combustion engine. While several big carmakers will post U.S. sales figures on Friday, Tesla, which provides worldwide totals, has not set a date.
Although another potential delivery record was possible, Tesla faced hurdles in the previous quarter. The business has halted manufacturing at its Shanghai factory because of the city’s pandemic lockdown and the current COVID-19 outbreak, which might stymie sales.
Tesla’s Model S, X, 3, and Y automobiles are built at a factory in Fremont, California. It also builds Models 3 and Y at a plant in Shanghai that produces automobiles for both China and Europe. The corporation has started shipping the first Model Ys from its new manufacturing near Berlin and will hold a “Cyber Rodeo” for 15,000 people next week to commemorate the opening of a new facility in Austin.
Tesla’s stock may benefit from a solid delivery figure, continuing a run that has brought its market value back beyond the trillion-dollar threshold. Investor confidence has been bolstered by the EV maker’s savvy handling of the supply-chain problem, plans for a stock split, and facility openings.
Tesla’s stock had been in a good spot for the year until Thursday’s closing, which was not the case for the S&P 500 Index or manufacturers such as General Motors and Ford. Tesla’s stock has also outperformed both Rivian Automotive Inc. and Lucid Group Inc.
