by Fred Lambert
Tesla released its Q1 2022 delivery and production results today and confirmed just over 310,000 deliveries, which is a new all-time delivery record despite a difficult quarter for several reasons.
Due to supply chain issues and 2 separate shutdowns at Gigafactory Shanghai, many believed that Tesla would finally break its impressive streak of quarterly delivery records.
We estimated that Tesla would easily beat its Q1 delivery record, but it would be extremely hard to beat its all-time delivery record of 308,000 vehicles achieved last quarter (Q4 2021).
However, the automaker surprised today by releasing its results and announcing deliveries of over 310,000 vehicles in Q1 2022:
Production is slightly down from last quarter’s all-time high of 305,840, but Tesla had enough inventory to manage to still beat its all-time delivery record.
The results are most impressive if we compare them to the same period last year (Q1 2021) when Tesla produced 180,338 vehicles and delivered 184,800 vehicles.
It represents a year-over-year increase in production of 69% while most other automakers saw a reduction in production capacity over the last year due to supply chain issues.