Tesla Vehicle Production & Deliveries and Date for Financial Results & Webcast for Third Quarter 2022

Rhea-AI Summary

Tesla reported production of over 365,000 vehicles and deliveries of over 343,000 vehicles in Q3. The transition to a more even mix of vehicle builds has led to an increase in cars in transit at the quarter's end. Model S/X production reached 19,935 with deliveries of 18,672, while Model 3/Y saw production of 345,988 and 325,158 deliveries. Tesla will announce its Q3 financial results on October 19, 2022, followed by a live Q&A at 4:30 p.m. CT.

Positive

• Produced over 365,000 vehicles in Q3.
• Delivered over 343,000 vehicles in Q3.
• Transitioning to a more balanced vehicle build schedule.

Negative

• Increased cars in transit may indicate logistics challenges.

AUSTIN, Texas--(BUSINESS WIRE)-- In the third quarter, we produced over 365,000 vehicles and delivered over 343,000 vehicles.

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.

	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%

Tesla will post its financial results for the third quarter of 2022 after market close on Wednesday, October 19, 2022. At that time, Tesla will issue a brief advisory containing a link to the Q3 2022 update, which will be available on Tesla’s Investor Relations website. Tesla management will hold a live question and answer webcast that day at 4:30 p.m. Central Time (5:30 p.m. Eastern Time) to discuss the Company’s financial and business results and outlook.

What: Date of Tesla Q3 2022 Financial Results and Q&A Webcast
When: Wednesday, October 19, 2022
Time: 4:30 p.m. Central Time / 5:30 p.m. Eastern Time
Q3 2022 Update: https://ir.tesla.com
Webcast: https://ir.tesla.com (live and replay)

Approximately two hours after the Q&A session, an archived version of the webcast will be available on the Company’s website.

For additional information, please visit https://ir.tesla.com.

Our net income and cash flow results will be announced along with the rest of our financial performance when we announce Q3 earnings. Tesla vehicle deliveries represent only one measure of the company’s financial performance and should not be relied on as an indicator of quarterly financial results, which depend on a variety of factors, including the cost of sales, foreign exchange movements and mix of directly leased vehicles.

Forward-Looking Statements

Statements herein regarding our production and delivery volumes are “forward-looking statements” based on management’s current expectations and are subject to risks and uncertainties. Various important factors could cause actual results to differ materially, including the risks identified in our SEC filings. Tesla disclaims any obligation to update this information.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221002005048/en/

Investor Relations:

ir@tesla.com

Source: Tesla

FAQ

What were Tesla's production and delivery numbers in Q3 2022?

Tesla produced over 365,000 vehicles and delivered over 343,000 vehicles in Q3 2022.

When will Tesla announce its Q3 2022 financial results?

Tesla will announce its Q3 2022 financial results after market close on October 19, 2022.

What time is the Tesla Q3 2022 earnings webcast?

The Tesla Q3 2022 earnings webcast is scheduled for 4:30 p.m. Central Time on October 19, 2022.

What are Tesla's plans for addressing its delivery logistics?

Tesla is transitioning to a more even regional mix of vehicle builds to address delivery logistics.

How does Tesla's vehicle deliveries relate to its financial performance?

Tesla's vehicle deliveries are just one metric of financial performance and do not fully predict quarterly results.