A Tesla Model Y on display inside a Tesla store at the Westfield Culver City mall in Culver City, California, U.S., Thursday, April 14, 2022.
Bing Guan | Bloomberg | Getty Images
Electric vehicle maker Tesla has just released third quarter 2022 vehicle production and delivery numbers. Here are the numbers:
- Total deliveries Q3 2022: 343,000
- Total production Q3 2022: 365,000
The deliveries are the closest approximation of sales reported by Tesla and fell short of analysts’ expectations of 364,660 vehicles, according to estimates compiled by FactSet-owned Street Account.
Tesla also said in its report that the company produced 19,935 of the more expensive Model S and X vehicles and 345,988 of the more popular Model 3 and Y vehicles in the third quarter.
Total production was up from the previous quarter of 2022, when Tesla said it built 258,580 vehicles.
During the past quarter, Tesla reported deliveries of 254,695 vehicles and that it had produced 237,823 cars, including just 8,941 Model S and X vehicles, which are the company’s most expensive hatchback sedans and SUVs, respectively.
In the third quarter of 2022, Tesla faced rising commodity prices, executive turnover (with the notable departure of AI leader Andrej Karpathy in July) and growing pains at its new factories in Germany and Texas.
Tesla has not historically disclosed its vehicle production and delivery numbers by region.
In July of this year, Tesla was forced to temporarily suspend most of its production at the Shanghai factory to make upgrades to the factory. By August, however, the company’s production and deliveries in China had recovered, according to data from the China Passenger Car Association.
In the US, at the end of the second quarter, Tesla laid off an entire AI office and made other headcount cuts. Musk also mandated that all Tesla employees work at a Tesla office at least 40 hours a week, even if they were previously allowed to work remotely.
After that, some employees were laid off and others chose to resign, while those who returned to the office found overcrowded conditions that persisted into the third quarter, making it difficult to carry out work normally at some of the company’s facilities, including the first car plant in USA in Fremont, California and a battery plant outside Reno, Nevada.
By September, executives speaking at a meeting with employees at the Nevada Gigafactory were celebrating new production records and praising workers’ hard work.
As CNBC previously reported, Tesla executives said at the time that August was a record month for the Fremont plant in terms of production, and that Tesla’s relatively new plant in Austin, Texas, had hit a production rate of 1,000 cars per week in seven daily basis, a promising milestone.