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Tesla delivered 310,000 automobiles within the first quarter, up roughly 68% from the identical interval in 2021, the corporate mentioned Saturday.

Nevertheless the corporate’s gross sales have been barely beneath expectations, which have been on the lookout for Tesla to provide 312,000 vehicles, in response to Wedbush Securities. However the gross sales improve got here whilst Tesla battled a world scarcity of laptop chips and different components.

The Austin, Texas, maker of electrical automobiles and photo voltaic panels introduced its manufacturing and supply outcomes on Saturday. The outdated quarterly supply report of 308,600 automobiles was set only one quarter in the past, from October via December of 2021. Tesla delivered 185,000 automobiles within the first quarter of final yr.

The worldwide laptop chip scarcity has bedeviled practically all automakers, however Tesla appears to have handled the shortages higher than the remainder of the business. Wedbush analysts mentioned they consider 20,000 to 25,000 gross sales that might have occurred within the first quarter have now been pushed into the second quarter because of provide and logistics points.

“We stay steadfastly bullish on the Tesla story and consider when factoring in all of the manufacturing headwind dynamics this was a modestly bullish print,” Wedbush analysts mentioned in a word.

Final yr the corporate delivered a report 936,000 automobiles, an 87% improve over 2020 numbers.

The corporate mentioned in February that it expects 50% annual development in gross sales, that means it expects about 1.4 million automobiles to be delivered this yr. However on a convention name with analysts, CEO Elon Musk mentioned the chip scarcity would cease the corporate from rolling out any new fashions this yr.

Earlier this week, Morgan Stanley Analyst Adam Jonas wrote in an investor word that he anticipated 320,000 to 325,000 deliveries from January via March, greater than most analysts.

“Given extraordinary provide chain pressures and Tesla’s continued vital value will increase, we consider a path to (full yr) deliveries of over 1.4 million models could be spectacular, however in our minds, troublesome in isolation to maneuver the inventory from right here,” Jonas wrote.

Tesla shares closed Friday at $1,084.59.

The corporate opened its new manufacturing facility in Germany late within the first quarter, and final yr it began constructing the Mannequin Y small SUV at a brand new manufacturing facility close to Austin, Texas.

Tesla says it delivered report 936K automobiles in 2021, up 87%

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Tesla sells 310,000 automobiles in 1Q, regardless of logistics points (2022, April 3)
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