AUSTIN, Texas — Tesla delivered 310,000 vehicles in the first quarter, up roughly 68% from the same period in 2021, the company said Saturday.
The Austin, Texas, maker of electric vehicles and solar panels announced its production and delivery results on Saturday. The old quarterly delivery record of 308,600 vehicles was set just one quarter ago, from October through December of 2021. Tesla delivered 185,000 vehicles in the first quarter of last year.
“We remain steadfastly bullish on the Tesla story and believe when factoring in all the manufacturing headwind dynamics this was a modestly bullish print,” Wedbush analysts said in a note.The company said in February that it expects 50% annual growth in sales, meaning it expects about 1.4 million vehicles to be delivered this year. But on a conference call with analysts, CEO Elon Musk said the chip shortage would stop the company from rolling out any new models this year.
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