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Tesla delivered 343,000 vehicles in Q3 2022 – setting a new record but still falling short of estimates due to logistical challenges

PATRICK PLEUL / POOL / AFP via Getty Images
  • Tesla produced 365,923 vehicles and delivered 343,830 in Q3the company announced on Sunday.
  • While the delivery numbers marked a new record for the company, they still fell short of estimates.
  • The company cites the challenge of securing “vehicle capacity … at a reasonable cost during these peak logistics weeks.”

Tesla’s latest delivery numbers are in, and they’re a mixed bag.

The company produced 365,923 vehicles and delivered 343,830 in the third quarter of this year, it announced Sunday.

Deliveries set a new record for the company and increased from 310,048 units in the first quarter; 254,695 in the second quarter; and 241,300 in the third quarter of last year. However, the delivery fell short of consensus analysts estimate, close to 360,000.

The company cites logistical challenges as the reason for the difference, noting that there is an increase in the number of cars shipped at the end of the quarter that will be delivered after reaching their destination.

“Historically, our delivery volumes have declined at the end of each quarter due to the mass production of cars in the region,” Tesla said in a press release. “As our production volumes continue to grow, it’s becoming increasingly challenging to ensure vehicle capacity and affordability during these peak logistics weeks.”

According to the company, Tesla’s production numbers have increased from 305,407 in first quarter; 258,580 in second quarter; and 237,823 in 3rd quarter of last year.

Of the cars produced in Tesla’s most recent quarter, 19,935 were Model WILL and Model Xand 345,988 cheaper Model 3 and Model Y. As for deliveries, 18,672 are Model S and X and 325,158 are Model 3 and Y.

Over the past two quarters, Tesla cited supply chain problems made worse by Russia Invades Ukraineas well as a closing factory in Shanghai amid an increase in COVID-19 cases in the city, due to factors hindering production and delivery.

Tesla will release financial results for Q3 on October 19.


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