By: Wael Elhosany
Tesla has announced record-breaking Q1 2022 delivery figures. The electric vehicle (EV) maker delivered some 310,048 units. According to a moneytransfers.com analysis, these were 68% more than it achieved in Q1 2021 deliveries.
The automaker’s Q1 2022 deliveries were buoyed by the production of 305,407 EVs. Models 3 and Y accounted for 295,324 deliveries; models S and X contributed the rest. In contrast, the firm delivered 184,800 cars from a production of 180,338 units in Q1 2021.
EV market woes
The entire EV industry is grappling with supply chain bottlenecks and escalating production costs. There’s a biting shortage of vital components such as semiconductors. Additionally, the prices of raw materials, for instance, aluminum and nickel, have ballooned since Russia’s incursion into Ukraine.
That has led the firm to hike the prices of its cars. Last month the company increased the retail prices of its EV units in America and China. While announcing the move, its CEO Elon Musk pointed to heightened inflationary pressure on raw materials.
Tesla seems to be navigating the pandemic and supply chain hitches better than other automakers. And their Shanghai plant has been instrumental in this. But it has had to temporarily halt its production following a new wave of COVID-19 infections in China. In keeping with the country’s zero Covid-19 policy, the city has imposed lockdowns affecting work.
