Tesla aims to surpass 1 million cars in 2022
This page is translated from the original post "Tesla en route pour dépasser 1 million de voitures en 2022" in French.
- 04/07/2022 7:00
Despite a slowdown in delivery rates in spring 2022 due to the Shanghai lockdown, Tesla is racing toward a new record.
For several years, nothing seems to slow Tesla’s growth. Even the COVID-19 period scarcely hampered the American manufacturer’s activity. At least until this spring 2022.
A lockdown ruins everything
Yes, the coronavirus pandemic did not lead to widespread lockdowns where the brand has factories. Very little in the United States to stop the Gigafactories, and China rebounded quickly, including the Shanghai site.
However, China’s strict “zero COVID” policy, instead of widespread vaccination, triggered a COVID-19 surge in Shanghai. As a result, there was a lockdown lasting several weeks, shutting down the factory. A severe blow to Tesla, which produces all its cars there for the Asian market and partly for Europe. Specifically, Model 3 and Model Y sales decline, while Model S and Model X sales soar.
Thus, this is one of the two factors cited by the American manufacturer—along with supply chain issues—to explain the decrease in deliveries compared to last winter. With 254,695 cars delivered in the second quarter of 2022, Tesla falls short of its record of 310,000 vehicles. But compared to 2021, it’s an increase of +27%.
| Q2 2022 | Q2 2021 | Change | Q1 2022 | |
| Model 3/Y | 238,533 | 199,360 | +20% | 295,324 |
| Model S/X | 16,162 | 1,890 | +755% | 14,724 |
| Total Tesla | 254,695 | 201,250 | +27% | 310,048 |
Tesla aiming for 1.4 million cars in 2022?
Elon Musk set a goal for Tesla to grow by 50% annually. The company achieved this in 2019 (+50%), not in 2020 (+36%), but overperformed in 2021 (+88%). This year might not satisfy the CEO, after such a mixed result. With 560,000 cars produced in six months, the brand already surpasses its total for 2020. However, it remains on a growth trend of +21% (1.13 million) if the pace continues.
Meanwhile, production in Shanghai is expected to restart, along with ramping up Model Y production at Giga Berlin and the new factory in Texas. These should bring Tesla well beyond 300,000 vehicles in the third quarter. Enough to reach 1.4 million as Musk envisions? It would require averaging 420,000 vehicles per quarter for the rest of the year… Maybe that was his prayer during his meeting this weekend with Pope Francis?
Also read: Tesla Semi: the electric truck now available for pre-order
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