this is how the year started

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2022 has started well at Tesla. At least in the sales chapter, a fundamental economic indicator for the company and that, beyond the accounting books of Musk’s company, is usually taken as a reference for the demand for electric vehicles (EV). According to the balance broken down by the company, it has reached a record number of deliveries in the first quarter, with 310,048 VEwhich marks a slight increase compared to the previous quarter and 68% if compared to the same period in 2021. Opposite trend shows the production chapter, with a “puncture”.

Between January and March the company manufactured 305,407 vehicles, slightly less than the 305,840 of the previous quarter. The fall, as Elon Musk himself detailed, is marked by the context, with the interruption of the supply chain and two suspensions of activity at its Shanghai factory throughout March as a result of the advance of COVID-19 and the blockades decreed by the city authorities. The decision affected a vital cog in the Tesla machine. In 2021 from the Asian gigafactory came about half of all the cars he sold.

“This was an ‘exceptionally’ difficult quarter due to supply chain disruptions and China’s zero COVID policy. The exceptional work of the Tesla team and key suppliers saved the day.” the businessman tweeted yesterday. Beyond the problems with semiconductors or the impact of the pandemic, the first quarter of 2022 has been marked by other factors, such as the war in Ukraine, which led to higher prices for important raw materials, such as nickel or aluminum , and also in a rise in fuels.

A difficult quarter

The record climbing in the price of gasoline and diesel in recent weeks, against the backdrop of decarbonization policies, has been able to boost the demand for electric vehicles. Just a few days ago Porsche reported that throughout 2021 its Taycan electric model, launched a year earlier, captured the interest of 41,300 buyers, more than the famous 911 sports car. The EV sector still has important challenges on the table, without however, such as inventory, range, or price. Tesla herself raised prices in March in China and the US in the face of inflationary pressure.

Beyond the comparison with other periods, are the data for the start of the year for Musk’s multinational good? According to Refinitiv data, Wall Street expected the flow of deliveries to be somewhat lower and remain at 308,836 vehicles between January and March. The result, acknowledges Daniel Ives of Wedbush, has been “better than feared, given the problems in the supply chain.” Other analysts quoted by CNBC or Use Today placed the forecast of deliveries, however, above the final data, with levels of around 312,000 or 317,00 cars.

Going down to detail, the US company reported that it had sold 295,324 Model 3 sedans and Model Y sport utility vehicles, which represents a major part of its marketing pie. Model S luxury sedans and premium SUVs Model X they added 14,724. The company does not provide data on how its sales are distributed geographically, although the Chinese and US markets, write down The Republicare those that represent a greater portion.

The first three months of 2022 were also marked by other factors. In March, for example, the multinational started delivering vehicles manufactured at its Gruenheide factory, in Germany. His presentation of data comes after the sector that large manufacturers in the sector announce a drop in sales during the first quarter in the US, a trend attributable precisely to the supply chain problems and the shortage of chips.

Cover Image | Steve Jurvetson (Flickr)

2022 has started well at Tesla. At least in the sales chapter, a fundamental economic indicator for the company and…

2022 has started well at Tesla. At least in the sales chapter, a fundamental economic indicator for the company and…

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