May 16, 2022

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Tesla sales record in 90 days … Elon Musk’s safes pile up

Tesla delivered 310,048 vehicles worldwide in the first quarter of 2022, an increase of 68% per year.

Shanghai factory

Sales of the electric car company exceeded expectations for 308,836 cars, and the city was shut down for a few days in response to an increase in cases of the Kovit-19 virus due to increased production at the Shanghai factory in China. .

Tesla told workers and suppliers on Sunday that production at its Shanghai plant would not resume on Monday, as expected.

“This is an exceptionally difficult quarter due to supply chain disruptions and China’s Zero Govt policy,” Tesla CEO Elon Musk said in a tweet. “Tesla maintained excellent working condition of the team and key suppliers.”

The Shanghai plant, which produces cars for the Chinese market and is an important export hub, has been shut down since March 28, and the government has launched a two-phase shutdown in the eastern part of the Huangpu River in the city where the Tesla plant is located. Located.

The electric car maker has halted production at the plant for seven days due to a very long shutdown and shutdown since the plant began production in late 2019.

Tesla initially hoped to be able to suspend operations for only 4 days, but canceled production plans for Fridays and Saturdays after authorities expanded strict restrictions on traffic in the eastern part of the city, with all areas of Shanghai currently locked.

Tesla Corporation

The Shanghai factory is considered one of Tesla’s most important factories because China is the company’s second largest market, and cars from this factory are exported to Europe and other parts of Asia.

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Tesla’s factory in Shanghai produces 6,000 Model 3 and 10,000 Model Y cars a week, delivering 56,515 cars from the factory in February alone, 23,200 to the domestic market and 33,315 to exports, the China Passenger Car Association announced earlier this month.

The company recently said it was making efforts to ensure continued production at the plant, while “cooperating with the government’s request to conduct PCR tests to control the spread of Covit-19.”

Forbes estimates Musk’s net worth as of April 28 was $ 287.6 billion.