Revenue growth was driven in part by an increase in the number of cars Tesla delivered, and an increase in average sales prices
of 310,048 for the first quarter, the closest approximation of sales disclosed by the company. Model 3 and Model Y vehicles comprised 95%, or 295,324, of deliveries in the period ending March 31, 2022.
On the company's earnings call, CFO Zachary Kirkhorn and CEO Elon Musk said that Tesla remains confident that it can grow at least 50% over 2021 numbers. However, the execs noted that the company has lost about a month of "build volume" in Shanghai due to Covid-related shutdowns. "Production is resuming at limited levels, and we're working to get back to full production as quickly as possible," Kirkhorn said.
Despite this slowdown, Musk said, "It seems likely that we'll be able to produce one and a half million cars this year." He cautioned that customers ordering now are facing a long waitlist, and some of their orders won't arrive until next year."With respect to full-self driving, of any technology development I've ever been involved in, I've never really seen more kind of false dawns where it seems like we're going to break through but we don't.
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