Tesla aims to produce 1.5 million cars in 2022 with the help of its Gigafactories in Shanghai, Berlin, and Texas. The Fremont Factory, Tesla’s original headquarters in California, will contribute to production numbers, too, as always.

During his opening remarks at the Q1 2022 earnings call, Tesla CFO Zachary Kirkhorn noted that the company still believes it will achieve a 50% or more growth rate by the of the year. Elon Musk supported Kirkhorn’s estimates.

"So, as Zach said, we remain confident of a 50% growth in vehicle production in 2022 versus 2021. I think, we actually have a reasonable shot at a 60% increase over last year. So, let’s see," Musk stated.

Tesla started production at Giga Texas and Giga Berlin in the first quarter. The E.V manufacturer highlighted that both Austin and Berlin factories were still just starting their ramps, and it may affect Tesla’s gross margins in Q2.

"Obviously, we ramped production, as you will know, with Giga Berlin and Giga Texas in the past few months. So, with two fantastic factories with great teams, and they are ramping rapidly.

"Now, with new factories, the initial ramp always looks small, but it grows exponentially. So, I have very high confidence in the teams of both factories. And we expect to ramp those initially slowly, but like I said, growing exponentially with them achieving high volume by the end of this year," Musk noted in his opening remarks.

The Tesla CEO also shared that it usually takes 9 to 12 months to reach high-quality volume production in a new factory from the start of production. So, Berlin and Texas’ contributions to Tesla’s production numbers will probably be more evident towards Q3 or Q4.

Source: Re-posted and Summarized from Maria Merano at teslarati.

My Take: Great job Tesla. The traditional OEMs are watching and weeping.

Re Posted From: Tesla aims to produce 1.5 million cars in 2022

Auto Helpers

Tesla aims to produce 1.5 million cars in 2022 with the help of its Gigafactories in Shanghai, Berlin, and Texas. The Fremont Factory, Tesla’s original headquarters in California, will contribute to production numbers, too, as always.

During his opening remarks at the Q1 2022 earnings call, Tesla CFO Zachary Kirkhorn noted that the company still believes it will achieve a 50% or more growth rate by the of the year. Elon Musk supported Kirkhorn’s estimates.

"So, as Zach said, we remain confident of a 50% growth in vehicle production in 2022 versus 2021. I think, we actually have a reasonable shot at a 60% increase over last year. So, let’s see," Musk stated.

Tesla started production at Giga Texas and Giga Berlin in the first quarter. The E.V manufacturer highlighted that both Austin and Berlin factories were still just starting their ramps, and it may affect Tesla’s gross margins in Q2.

"Obviously, we ramped production, as you will know, with Giga Berlin and Giga Texas in the past few months. So, with two fantastic factories with great teams, and they are ramping rapidly.

"Now, with new factories, the initial ramp always looks small, but it grows exponentially. So, I have very high confidence in the teams of both factories. And we expect to ramp those initially slowly, but like I said, growing exponentially with them achieving high volume by the end of this year," Musk noted in his opening remarks.

The Tesla CEO also shared that it usually takes 9 to 12 months to reach high-quality volume production in a new factory from the start of production. So, Berlin and Texas’ contributions to Tesla’s production numbers will probably be more evident towards Q3 or Q4.

Source: Re-posted and Summarized from Maria Merano at teslarati.

My Take: Great job Tesla. The traditional OEMs are watching and weeping.

Re Posted From: Tesla aims to produce 1.5 million cars in 2022

Auto Helpers