Tesla's 2022 Q1 report brought something new for the clean energy company at the start of this year, and it is something unexpected for them despite the massive performance last year. CEO Elon Musk said that it has been a difficult one for the company, and that includes the performance it had for the first three months.
Nevertheless, the company still delivered and increased its production this quarter.
Tesla's Q1 2022 Report: Production and Deliveries Increased
Tesla released its 2022 Q1 report to the public over the weekend, and it talked about the performance of the company in the early days of the year. The company increased its numbers to as much as 305,000 for its production and 310,000 for its deliveries in the first three months of the first quarter, stemming from January, February, and March.
These numbers are for the Tesla Model 3 and Model Y only.
The release is not yet a full report of the company's performance, rather only its first look back on its performance for the early year. Tesla said that it will bring its financial report by Wednesday, April 20, for the public to see and its investors to know. Users can catch the live updates via Tesla's website for its next event.
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Elon Musk Reveals Q1 2022 to be a Difficult Quarter
Musk tweeted about the company's performance in Q1 2022 as the first report released earlier this weekend. The company talked about its production and delivery increases for this quarter, but Elon Musk revealed that it was an "exceptionally difficult quarter" for them, despite the massive numbers it posted.
The CEO said that it is because of China's COVID lockdown and the supply chain interruptions. However, the company and team's effort is what saved them from their problems.
Tesla and its Performance Now
The years and quarters in the past gave Tesla a massive high on its upwards climb on the charts, its numbers, performance, and other factors from the company. The recent venture of the company is a massive extension of its production and it focuses on the Gigafactory Berlin that recently opened for its European ventures.
However, there were a series of price increases for the clean energy vehicles that brought its starting price to around $44,000, and it is far from its affordable $38,000 mark. The company's releases for buyers are not eligible for the California rebates that will help buyers in their purchases as an incentive for the electric vehicle switch.
The recent performance of Tesla and its price increase is a massive indicator of the company's track in the previous months and 2022 is not that off to a great start as per its standards. Regardless, this is not yet the end of the line for Tesla, and the company focuses on the many features it brings to the table, focusing on its electric mobility.
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This article is owned by Tech Times
Written by Isaiah Richard
