Tesla reaches new records in the first quarter of 2022

Tesla unveiled record results in the first quarter of 2022. Automotive revenue climbs to $16.86 billion, for gross profit of $5.54 billion.

Tesla does not know the crisis, at least if we are to believe its results for the first quarter of 2022. Unveiled recently, the latter are increasing sharply. Turnover in the automotive sector thus reached $16.86 billion, up 87%. What to give a gross profit of $5.54 billion. Margins are up 32.9%.

However, Tesla is not at 100% capacity. CFO Zachary Kirkhorn and CEO Elon Musk recalled that the company lost about a month of “building volume” in Shanghai, due to the lockdowns.

“Production is resuming at limited levels. We are working to return to full production as quickly as possible.”explained Kirkhorn in remarks reported by CNBC. Our own factories are operating below capacity for several quarters, added the builder during his presentation.

To reach such figures, the firm has capitalized on several points. Regular appropriations already represent $679 million, for this quarter. The number of vehicles sold also increased, to 310,048 units, according to data from the beginning of the month. Just like the prices, in the particular context that the world is currently experiencing. Thus in France, you have to pay almost 6,000 euros more to buy a Model 3 than when it comes out.

Tesla, record sales in 2022?

This does not prevent this model and the Model Y from being bestsellers. To them two, they accounted for 95% of sales, or 295,324 models, until March 31. And despite the slowdowns, Elon Musk wants to be confident in Tesla’s ability to achieve its goals. “It is likely that we will be able to produce one and a half million cars This year “, he declared thus.

For this, Elon Musk is undoubtedly counting on an improvement in the global context, marked by the crisis in Ukraine and that of the semiconductors. At its current pace, however, the company could well exceed one million vehicles sold per year. A score that she had caressed last year, with 936,000 sales.

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