Tesla is benefiting from the continuously rising gas prices. Furthermore, as more and more charging stations pop up around the country, folks tend to turn their heads a bit more to electric cars. It’s no secret that Tesla’s sales have been on the rise. However, the EV giant’s reported sales for the first quarter are flat-out bonkers.
Despite supply chain issues, Tesla continues to smash records
According to InsideEVs, Tesla hit another quarter clean out of the ballpark. This marks the second consecutive quarter that the modern EV powerhouse has set a new record for deliveries.
Throughout the first quarter of 2022, the company delivered an unprecedented 310,048 cars. This sees an increase of nearly 2,000 vehicle deliveries over the fourth quarter of 2021. In last year’s Q4, Elon Musk’s EV brainchild delivered 308,600 vehicles, which was also the company’s previous record.
A recent press release from the iconic EV manufacturer outlines the specifics of these sales and deliveries.
“In the first quarter, we produced over 305,000 vehicles and delivered over 310,000 vehicles, despite ongoing supply chain challenges and factory shutdowns,” wrote Tesla.
Unsurprisingly, Tesla’s two more affordable options, the Model 3 and Model Y, are at the forefront of production. The Model 3 and Model Y are responsible for an overwhelming majority of the deliveries, with a total of 295,324. To put that in perspective, Ford sold 212,312 trucks throughout the first quarter of 2022. Tesla’s more expensive offerings, the Model S and Model X, account for 14,724 of these deliveries.
All of these figures are extremely impressive. This is especially true when considering recent price increases. The most significant change spanned over $12,000 due to increases in material prices for producing the cars. However, despite the price increase, the company continues to rake in orders on a massive scale.
What is responsible for these figures?
Undoubtedly, people in a position to buy a new car at the moment are turning more toward efficient vehicles. With the cost of gas rising and emissions regulations from the world tightening up, EVs are the answer for many car shoppers. However, no EV manufacturer is quite doing it like Tesla at the moment. Their dependability, technology, and customer support make it an easy choice for customers who’ve decided to go the EV route.
Additionally, for the price point of the Model 3 and Model Y, competitors don’t stack up in terms of technology and driving range. Furthermore, the mass-production scale of the Tesla models allows for relative ease in acquiring one. However, just like every other manufacturer right now, Tesla is facing supply chain issues and is expecting much longer delivery times than usual.
Overall, steadily increasing gas prices and the much cheaper option to charge seem to consistently turn the majority of the world to EVs, especially Teslas. With exciting competition from the likes of new brands like Rivian and icons like Porsche, it doesn’t seem that the EV revolution has any signs of slowing down.