Following seven out of the last 10 quarters where Tesla delivered more than analysts’ estimates, the automaker’s shares have outperformed the market during the period from delivery reporting and quarterly results. In the past, strong deliveries have been an early indicator of positive things for Tesla’s stock. “In a nutshell, while delivery numbers were ugly and nothing to write home about the Street will be focused on the trajectory for ,” Ives wrote in a note.Ībove: Tesla production ramps up in June as EV makers battle chip shortages / YouTube Ives also added that the upward arc of the second half of the quarter will be what many investors are focused on, with June’s production numbers being an encouraging sign. In one report, Wedbush analyst Daniel Ives called 250,000 a “line in the sand” for investors, saying that anything below this number would be considered a disappointment by shareholders. Still, some investors see Tesla’s deliveries as having made the best of a bad situation, despite representing an 18 percent drop from the prior quarter. In the first quarter, Tesla delivered a total of 310,048 vehicles, and the Q2 drop breaks an eight-consecutive-quarter streak of record-breaking deliveries. While some April investor consensus forecasts held that Tesla would deliver between 340,000 and 350,000 units, the drop-off can largely be attributed to the production shutdown in Shanghai - and may only be a bump in the road.

Photo: Charlie Deets /UnsplashĪlthough Tesla only delivered 254,695 vehicles in the second quarter, a marked drop from its first-quarter deliveries, the automaker had its best production month yet in June, according to a report from Barron’s. In spite of this fact, Tesla’s establishment of new Gigafactories Berlin and Texas are already showing their upsides, beginning with impressive production in the last month of the quarter.Ībove: A white Tesla Model 3 in a garage. Tesla’s overall deliveries in Q2 were plagued by the COVID-19 lockdowns which caused a 22-day production pause at its Shanghai Gigafactory. The Model 3 faces tough competition from other Tesla models, including the Model Y and the refreshed Model S Plaid.June was Tesla’s best production month yet, despite low Q2 deliveries It went on to become the world’s best-selling all-electric vehicle model in 2020. The Model 3 was Tesla’s successful attempt to tap into the mainstream segment. The rise in Tesla's market value was largely due to the release of its top-selling Model 3. Tesla became the fastest-growing brand worldwide in 2021. The American automotive company has been setting new records since. Tesla's share price increased by 677 percent between January and December 2020. Between January and March 2022, deliveries crossed the 310,000 unit threshold, a new record for the brand.Īs Tesla continues to outperform car manufacturers in terms of market cap, people have already begun dubbing Tesla, GM, and Ford the 'New Big Three'. Quarterly deliveries dropped by less than 18 percent during the second quarter of 2022, compared with the first quarter of 2022. How many Tesla vehicles were delivered in 2022? Tesla's vehicle deliveries in the second quarter of 2022 amounted to just over 254,700 units.

Q3 tesla deliveries