Today's delivery numbers represented sales growth of 26.5% year-over-year, and a 17.9% decrease sequentially for Elon Musk's electric vehicle venture.These Americans All Left the U.S. for Mexico—Here's How They Found Their ‘Perfect Location' and Made It Happen
The company has soft-guided to around 50% average annual growth, long-term, depending on manufacturing capacity and other factors. In Tesla's first-quarter shareholder deck, the company said,"We plan to grow our manufacturing capacity as quickly as possible. Over a multi-year horizon, we expect to achieve 50% average annual growth in vehicle deliveries."
In China this quarter, Tesla had to shut down or only allow partial operations at its Shanghai factory for weeks due to covid-related public health orders. , also impacted Tesla and the broader auto industry during the quarter. Separately, Tesla is grappling with the high costs of building out and starting up production at new factories in Austin, Texas and near Berlin in addition to its Fremont, California and Shanghai plants. CEO Elon Musk has publicly lamented that the new factories areAs startups and legacy automakers offer more new electric vehicles, Tesla's
I can't help but wonder how many more people they will let go the next time they reach a milestone production record.