Tesla Distributes Record Number Of Vehicles In Q1 Despite Supply Chain Issues

The famous electric car maker Tesla announced an impressive number of sales in the first quarter despite reports of supply shortages in the industry.

According to CNBC, the company delivered a total of 310,048 electric vehicles, while producing 305,407. It cited “ongoing supply chain challenges and factory shutdowns” as 4,641 fewer cars were produced than delivered.

Tesla matched Wall Street’s assumptions, as the company reported a similar amount of sales in the final quarter of last year. This year’s first-quarter sales are 68% higher than the company’s first-quarter sales of 2021.

Although Tesla reports a major increase in sales, other carmakers such as Toyota and General Motors have announced a reduction in sales due to supply shortages, according to The New York Times. CNN reports that Honda's sales in the United States dropped 23%.

Tesla sells the most electric vehicles compared to other car manufacturers, as many experts believe the company can potentially sell 2 million vehicles this year. Profit and revenue numbers are set to be revealed on April 20, the company confirmed Saturday.