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Tesla has delivered a record-breaking number of vehicles in the first quarter of 2022

Business Insider US
An aerial view of the Tesla Shanghai Gigafactory on March 29, 2021 in Shanghai, China.
An aerial view of the Tesla Shanghai Gigafactory on March 29, 2021 in Shanghai, China.
Xiaolu Chu/Getty Images
  • Tesla delivered a record-breaking 310,048 vehicles in Q1 — more than any previous quarter. 
  • Elon Musk said this quarter has been "exceptionally difficult" due to supply chain issues and Covid.
  • A recent Covid-19 spike in China has forced Tesla's new Shanghai factory to temporarily shut down.
  • For more stories go to www.BusinessInsider.co.za

Tesla announced it delivered 310,048 vehicles in the first quarter of 2022, a record-breaking number that comes amid the global supply chain crisis and Covid-related factory closures.

The vast majority of Tesla's first-quarter production and deliveries were the Model 3/Y. Only 14,724 of the delivered vehicles were Model S/X, the company reported on Saturday. 

"This was an *exceptionally* difficult quarter due to supply chain interruptions & China zero Covid policy," Tesla CEO Elon Musk tweeted Saturday morning, adding that "key suppliers saved the day." 

Tesla's first-quarter delivery beat out the previous quarter and surpassed Wall Street estimates, Reuters reported. But while the automaker managed to navigate some of the disruptions that have dogged other companies, the total number of cars produced by Tesla in Q1 did fall slightly compared to the previous quarter.

While supply-chain snafus have delayed deliveries across industries, Tesla's production continues to be challenged by Covid-19 closures. 

Businesses across China are locking down as the government continues to enforce its mass testing policies. This includes Tesla's new Gigafactory in Shanghai, which temporarily halted production earlier this week and was responsible for half of Tesla's global production last year.

Meanwhile, Russia's invasion of Ukraine has led to skyrocketing nickel prices, affecting both legacy car companies and EV startups. However, experts told Insider that Tesla's investment in its supply chain and nickel mines could allow it to dodge the worst of the price hikes.

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