Tesla delivered 310,048 vehicles in the quarter, a slight increase from the previous quarter, and up 68% from a year earlier
Tesla produced 305,407 vehicles from January to March, down from 305,840 the previous quarter.
But a recent spike in COVID-19 cases in China has forced Tesla to temporarily suspend production at the Shanghai factory for several days in March and April as the city locks down to test residents for the disease. Tesla said it sold a total of 295,324 Model 3 sedans and Model Y sport utility vehicles, while it delivered 14,724 Model S luxury sedans and Model X premium SUVs.Skyrocketing gas prices spurred by the Ukraine crisis is expected to fuel demand for electric cars, but lack of inventory and higher vehicle prices would weigh on sales, analysts said.
“Impressive given all the headwinds,” Gene Munster, managing partner at venture capital firm Loup Ventures, said, adding he expected Tesla to continue outperforming other automakers in sales growth.Musk said in October that Shanghai had surpassed its Fremont, California factory - the company’s first plant - in output. The two factories are critical for Tesla’s goal to boost deliveries by 50% this year, as production at its new factories are expected to ramp up slowly in their first year.
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