Automaker Tesla has surpassed all expectations in the first quarter of 2022, delivering 310,000 EVs to customers despite numerous challenges.
Supply chain disruptions and two forced shutdowns of the Shanghai Gigafactory due to a new coronavirus outbreak in China were among the main negative factors. The production volume dropped slightly from the 305,840 units of Q4 2021 to 305,407 units in Q1 2022. At the same time, the company was able to deliver 2,000 more units than before, marking an all-time high.
The Model 3 and Model Y proved the most popular ones with 291,189 assembled and 295,324 delivered in the first quarter. Model S and Model X trailed far behind with 14,218 and 14,724 units, respectively.
This brings the capitalization of the company to $1 trillion USD. Some experts believe the value may continue to grow until it hits $4 trillion by the early 2030s. Late 2020s should see EVs accountable for 60% of the world’s car market, every fifth one sold being a Tesla.
The Berlin Gigafactory launched last month unlocks new, broader opportunities for Tesla in Europe. After a year and a half of upgrading, the industrial complex will be able to churn out 500,000 annual production units. Model Y SUVs will account for the majority of these.