Yesterday Tesla revealed production and delivery numbers for Q2 2022. According to Tesla’s Investor Relations page, in the quarter ending June 30, the electric vehicle maker produced more than 258,000 vehicles and delivered more than 254,000 vehicles.
Compared to the first quarter of 2022, when Tesla delivered 305,000 vehicles, this quarter marks a rare 15% drop in production and deliveries for the electric vehicle maker.
The main reason for the drop in production is the closure of Tesla’s Chinese factory for the entire month of April and having to operate under severe restrictions in May. During these 2 months, Tesla lost production of nearly 100,000 vehicles.
Yet, despite the one-time tie-up of Tesla’s Shanghai factory this quarter, the electric vehicle maker still managed to increase shipments by 46% year-over-year.
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It was an incredible execution from Tesla, especially given the circumstances. However, the good news may have only just begun.
According to Tesla, despite starting the quarter with significant challenges, in June Tesla not only managed to restore production to its previous state, but also managed to manufacture more vehicles in June than in any month in the history of the manufacturer of electric vehicles.
And Tesla’s June performance sets the electric vehicle maker up for incredible growth in the second half of 2022. Some estimates put Tesla’s June production count at around 130,000 vehicles.
If Tesla only maintains that number through the second half of the year, the electric vehicle maker will be able to produce an additional 780,000 vehicles over the next six months. This will bring Tesla production and delivery in 2022 to 1.35 million vehicles, a 44% growth from 2021.
However, 1.35 million vehicles could be at the lower limit of what Tesla can produce in 2022. Currently, Tesla is ramping up production at two of its new factories in Germany and Texas.
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Elon Musk recently revealed that Giga Berlin has reached a production rate of 1,000 vehicles per week and the factory also recently added a second shift and started producing the Y Long Range model in addition to the Y Performance model.
How far ahead is Tesla with fully autonomous driving. https://t.co/Bj32vb3mg5 pic.twitter.com/euR9F8OmwY
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And at Giga Texas, recent leaks suggested the plant hit a production rate of between 2,000 and 5,000 vehicles per week after starting production of the Long Range Model Y in addition to the refreshed Model Y with 4,680 cells and a structural battery.
And when you add all that new capacity, Tesla will likely hit a new production record in the second half.
At this time, it’s impossible to say by what percentage Tesla will increase production in H2 2022, however, we’ll be sure to update you as we learn more about Tesla’s plans. Until then, be sure to visit torquenews.com/Tesla regularly for the latest updates.
So what do you think? Disappointed by Tesla’s Q2 delivery numbers? Also, what are your expectations for Tesla’s production for the rest of the year? Let me know your thoughts in the comments below.
Image: A screenshot from Joe Tegtmeyer’s YouTube channel
For more information see: Elon Musk says Tesla Cybertruck design is ‘locked in’ and pushes production to ‘mid-2023’
Tinsae Aregay has been following Tesla and the evolution of the EV space on a daily basis for several years. It covers everything about Tesla, from cars to Elon Musk, the energy industry and self-reliance. Follow Tinsae on Twitter at @TinsaeAregay for Tesla Daily News.