Despite persistent supply chain concerns, manufacturing closures induced by COVID-19 limits, and other challenges, Tesla managed to expand production in the first quarter of 2022.
Tesla reported on April 2 that it delivered 310,000 vehicles in the first quarter, increasing 68 percent from the same period in 2021.
According to Wedbush Securities, Tesla’s sales were somewhat below estimates, with the firm expecting to produce 312,000 cars. However, the sales surge occurred despite Tesla’s ongoing battle with a global shortage of computer chips and other components.
Late in the first quarter, the company launched a new manufacturing in Germany, and last year, it began production of the Model Y small SUV at a new factory near Austin, Texas.