Despite the challenges, Tesla delivers a record number of cars.
Written byTimes Magazine
Tesla said it shipped a record number of cars in the first quarter despite supply chain challenges. According to its statement, the electric car manufacturer delivered more than 310,000 vehicles in the first three months of this year.
This is almost 70% more than in the same period last year. CEO Elon Musk said the upgrade came despite a "tough quarter," including harsh coronavirus policies in China, where Tesla has a "Giga factory."
According to data released over the weekend, Tesla shipped 310,048 vehicles from the start of this year to the end of March, up from 184,800 the previous year.
"This has been a tough quarter due to supply chain disruptions and China's zero-Covid policy," Musk said on Twitter. "Excellent work from the Tesla team and key suppliers saved the day." Most deliveries were made for the Tesla Model 3 and Model Y sedans.
Musk previously said the Model Y, which was launched in 2019, was part of Tesla's plan to reach a broader market. It has a longer charging range than the Model 3 launched two years earlier. The world's most valuable automaker will release its full financial results on April 20.
Tesla owns a "gigafactory" in Shanghai, a large auto manufacturer that makes lithium-ion batteries that power vehicles. It was reportedly closed as the city saw a spike in coronavirus infections.
According to reports cited in an internal statement, Tesla did not resume on-site production as planned on Monday. Musk said he expected Tesla to grow by more than 50% this year despite supply chain issues. The company reported a record profit of $5.5 billion (£4.2 billion) last year.
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