Tesla's productivity continues to grow at an unprecedented rate despite Giga Shanghai's three-week shutdown due to COVID and ongoing supply chain difficulties. Elon Musk has confirmed that the company is on track to deliver over 1.5 million vehicles in 2022.
This year has been particularly challenging for the automotive industry. In addition to the continued shortage of components and logistical problems, there were several other significant ones. Russia's attack on Ukraine has disrupted the supply of materials and the global economy has begun reorienting its policies to fit the current situation. In addition, the outbreak of COVID-19 in China with renewed vigor has led to the shutdown of many factories for the production of cars and components for them.
Despite this, Tesla achieved strong production and delivery figures in Q1 2022. In the first three months of this year, the company produced 305,000 vehicles and delivered over 310,000 vehicles. In Q2 2022, Giga Shanghai's performance should be strong, but due to a three-week shutdown, two weeks of which fell into April, performance will not be as good as it could be. According to Tesla CEO Elon Musk, the company will produce about the same number of cars this quarter as it did in Q1, maybe even a little less or a little more. However, according to his expectations, the second half of the year will be much more productive.
"So, I think notwithstanding new issues that arise, I think we will see record output per week from Giga Shanghai this quarter, albeit we are missing a couple of weeks. So, that means the most likely vehicle production in Q2 will be similar to Q1, maybe slightly lower, but it's also possible we may pull a rabbit out of the hat and be slightly higher. But it's really, call it, roughly on par. But then, Q3 and Q4 will be substantially higher."
Thus, we should expect that Tesla will be able to produce about 615,000 vehicles in the first half of 2022. However, Musk said the company could produce over 1.5 million vehicles this year, which is very good news.
"So, it seems likely that we'll be able to produce over 1.5 million cars this year is my -- that's my best guess."
In fact, the head of the company said that Tesla's production capacity for Q3 and Q4 is more than 440,000 vehicles per quarter, which is mind-blowing. For comparison, in 2020, the manufacturer delivered about 500,000 vehicles during all four quarters. Of course, since then, Giga Shanghai has ramped up production significantly, and the work of Giga Berlin and Giga Texas is gaining momentum every day, leading the company to great success.
© 2022, Eva Fox | Tesmanian. All rights reserved.
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