PearlynCSY
2022-10-03

Tesla delivered 343,000 vehicles in the third quarter of 2022. Tesla just reported third-quarter vehicle production and delivery numbers for 2022.

During this quarter in 2021, Elon Musk’s auto business reported deliveries of 241,300 electric cars.

According to estimates compiled by FactSet-owned Street Account, analysts were expecting Tesla to report deliveries of 364,660 cars for the period ending September 30, 2022.

During the year-ago quarter, Tesla reported deliveries of 254,695 vehicles, and that it had produced 237,823 cars including just 8,941 Model S and X vehicles, which are the company’s more expensive sedan and SUV with falcon-wing doors, respectively.

In the third quarter of 2022, Tesla faced soaring commodity prices, executive turnover (with the notable departure of AI leader Andrej Karpathy in July) and growing pains at its new factories in Germany and Texas.

In the U.S., at the end of the second quarter, Tesla laid off an entire AI office and made other headcount cuts. Musk also mandated that all Tesla employees should work at a Tesla office at least 40 hours per week, even if they were previously allowed to work remotely.

After that, some employees were dismissed and others chose to resign, while those who returned to the office found over-crowded conditions that persisted through the third-quarter, making it hard to get work done normally at some of the companies facilities, including its first U.S. car factory in Fremont, California, and battery plant outside of Reno, Nevada.

By September, executives speaking at an all-hands meeting with employees at the Nevada Gigafactory were celebrating new production records, and lauding employees’ hard work.

As CNBC previously reported, Tesla execs said at that time August had been a record month for the Fremont factory in terms of production, and that Tesla’s relatively new factory in Austin, Texas, had hit a 1,000 cars per-week production rate on a seven day rolling basis, a promising milestone.

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Comments

  • PearlynCSY
    2022-10-03
    PearlynCSY
    Thanks for sharing
  • 1M40
    2022-10-03
    1M40
    Will the price drop?
    • ngchris
      imho Wallstreet has to reset the value. so it will hv to take the heat just a matter of time
  • JC888
    2022-10-03
    JC888
    How many have been queueing up for repairs and minor replacement? Very important to know... Hee hee
  • criticalbomb
    2022-10-03
    criticalbomb
    thanks you very much ❤️❤️❤️
  • TooYoung
    2022-10-03
    TooYoung
    interesting thought
  • LalaLand
    2022-10-03
    LalaLand
    Thank you for the insights
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