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Tesla reported record deliveries of electric vehicles in the first quarter of this year

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According to the quoted source, instead, the car manufacturer warned that in January-March 2022 production decreased compared to the last three months of 2021, due to disruptions in supply chains and the suspension of the factory’s activity in China.

“This has been an exceptionally difficult quarter due to disruptions in supply chains and China’s zero Covid policy,” CEO Elon Musk wrote on Twitter.

Tesla delivered 310,048 electric vehicles in the first quarter of 2022, a slight increase over the last three months of 2021 and an advance of 68% over the same period in 2021, reports Agerpres. Wall Street analysts expected 308,836 units to be delivered, according to Refinitiv data.

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However, in January-March 2022, Tesla produced 305,407 electric vehicles, down from 305,840 in the previous quarter.

The recent rise in COVID-19 cases in China has forced Tesla to temporarily suspend production at its Shanghai plant.

In total, Tesla sold 295,324 Model 3 sedans and Model Y SUVs, and delivered 14,724 Model S luxury sedans and premium Model X SUVs.

Tesla expects a 50% increase in electric vehicle deliveries this year.

Increased production at Tesla plants in Berlin and Texas will depend on mitigation of supply difficulties and the successful introduction of new technologies, the US company said.

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Credit Suisse analysts expect Tesla to increase its deliveries to 1.3 million vehicles this year.

Against the backdrop of investor expectations for increased production, Tesla shares rose nearly 50 percent in 2021, and market capitalization topped $ 1 trillion in October.

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