The Tesla (TSLA) investor relations department has released the company’s production and delivery numbers for the 3rd quarter of 2022.
Tesla delivered 343,830 vehicles out of a total of 365,923 produced in Q3 2022 at all of its 4 Gigafactories currently in operation.
This is another record quarter for Tesla, as the previous record was held by Q1 2022 with 305,407 cars produced and 310,048 delivered.
In Q2 2022, Tesla faced a massive drop in production and deliveries due to Covid-related shutdowns at Gigafactory Shanghai. This situation affected Model 3 and Model Y production and ultimately deliveries in China and Europe.
| Production | Deliveries | Subject to operating lease accounting | |
|---|---|---|---|
| Model S/X | 19,935 | 18,672 | 10% |
| Model 3/Y | 345,988 | 325,158 | 3% |
| Total | 365,923 | 343,830 | 3% |
Production & Deliveries QoQ (Q3 vs Q2 2022)
Interestingly, the production of Tesla Model S and Model X has increased by 21.4% compared to Q2 2022. Tesla Model S and X are only produced in the United States at the Fremont factory as of now. The deliveries for Model S/X also spiked by 15.5% QoQ.
This suggests that the demand for the new Model S and Model X luxury segment vehicles is also increasing with each passing quarter.
Tesla Model 3 and Model Y production went up a staggering 42.8% and deliveries grew by about 36% in Q3 vs. Q2 2022.
Even compared to Q1 2022 numbers, Tesla has significantly scaled up overall production and deliveries by around ~20% and ~11% respectively.
| Q2 2022 | Q3 2022 | % growth in Q3 | |
|---|---|---|---|
| Model S/X Production | 16,411 | 19,935 | 21.4% |
| Model S/X Deliveries | 16,162 | 18,672 | 15.5% |
| Model 3/Y Production | 242,169 | 345,988 | 42.8% |
| Model 3/Y Deliveries | 238,533 | 325,158 | 36.3% |
| Overall Production | 258,580 | 365,923 | 41.5% |
| Overall Deliveries | 254,695 | 343,830 | 35% |
Production & Deliveries YoY (Q3 2022 vs Q3 2021)
Tesla has scaled-up production and deliveries massively over the past 4 quarters. Comparing Q3 2021 vs. Q3 2022, Tesla vehicle production has gone up by about 54% and deliveries have shot up more than 42% (see table 1.3 below for a detailed comparison).
| Q3 2021 | Q3 2022 | % growth in Q3 2022 | |
|---|---|---|---|
| Model S/X Production | 8,941 | 19,935 | 123% |
| Model S/X Deliveries | 9,275 | 18,672 | 101 % |
| Model 3/Y Production | 228,882 | 345,988 | 51% |
| Model 3/Y Deliveries | 232,025 | 325,158 | 40% |
| Overall Production | 237,823 | 365,923 | 54% |
| Overall Deliveries | 241,300 | 343,830 | 42.5% |
Q3 deliveries target missed due to shipping challenges
Q3 2022 is probably one of the rare quarters where Tesla produced more vehicles than it produced. Normally, they clear the order backlog from the previous quarter. Now the remaining 21,993 cars from this quarter will transition to Q4 2022 for deliveries.
The reason for these remaining vehicles is the challenge to transport them to customers due to the factories being in different regions. Model S/X are shipped from the US to China and Europe, Model 3/Y are shipped from China, and some European demand for the Model Y is fulfilled from Gigafactory Berlin.
Tesla Q3 2022 investor relation press release states:
Historically, our delivery volumes have skewed towards the end of each quarter due to regional batch building of cars. As our production volumes continue to grow, it is becoming increasingly challenging to secure vehicle transportation capacity and at a reasonable cost during these peak logistics weeks.
In Q3, we began transitioning to a more even regional mix of vehicle builds each week, which led to an increase in cars in transit at the end of the quarter. These cars have been ordered and will be delivered to customers upon arrival at their destination.
Tesla investor relations website
Head of Investor Relations at Tesla, Inc. Martin Viecha cited massive end-of-quarter delivery pushes as the problem for missing the delivery target in Q3. “Delivery peaks are becoming more and more challenging, so we began transitioning to a more even regional mix in Q3,” Martin tweeted.
A Tesla fan on Twitter created an interesting chart of Tesla Q3 deliveries for the last 12 trailing months from Q3 2013 to Q3 2022 — it’s amazing to see that deliveries have gone from 17,950 to 1,217,223 vehicles respectively.
However, Tesla (TSLA) stock price has tanked at market open today due to the notion of unexpected lower delivery numbers compared to the total number of vehicles produced in Q3 2022.
At the time of this writing around 12:50 PM EST, a Tesla share is trading at $242.60 on the NASDAQ, down −$23.01 or 8.68% compared to the market close on Friday at $265.31 per share.
The big investors don’t seem to be looking at the bright side, this was a record Tesla quarter on all levels.
Stay tuned for constant Tesla updates, follow us on:
Google News | Flipboard | X (Twitter) | WhatsApp Channel | RSS (Feedly).
Related
- Tesla HW3 vehicles can’t achieve Unsupervised FSD, v14 Lite to be released by June, Musk on Q1 2026 Earnings Call
- Tesla (TSLA) vehicle deliveries grew ~6% in Q1 2026 YoY despite challenges, energy business is down ~15%
- Tesla Q4 2025: Financial Results, Key Takeaways from Elon Musk’s Earnings Call, more
- Tesla Q4 2025: vehicle deliveries drop, QoQ and YoY comparisons, energy business shows compelling growth, more
- Tesla Q3 2025: Financial updates and key takeaways from the earnings call
- Tesla (TSLA) crushes critics by delivering around ~500k EVs in Q3 2025
