Tesla is preparing for a "monstrous" second quarter as Trip Chowdhry of Global Equities Research released a new note this morning that indicates the Fremont factory in Northern California is running as much as 20 percent above capacity. On the heels of its biggest quarter in company history, Tesla is working to keep its streak of growth in vehicle deliveries intact. Recent shutdowns of the Shanghai production facility in China have hindered Tesla’s outlook for Q2, but the automaker is rebounding in the best way possible as demand increases.

The Fremont factory has an annual production run rate of 600000 vehicles, Tesla stated in its most recent Shareholder Deck. It builds all four currently-offered Tesla models, and is the only factory to manufacture each vehicle in Tesla’s lineup. Breaking down to about 150000 vehicles per quarter, Tesla could be operating with at least 30000 additional cars coming out of Fremont in Q2, a hefty supplemental number to accommodate lost progress in Shanghai this quarter.

Chowdhry said his routine checks on Tesla’s Fremont facility had been evidence of a massive production push in Northern California. This month, especially, has shown major progress. "May 2022 is off to an extremely strong Production, Shipments, and Deliveries," Chowdhry said in a note. "Fremont Factory is running 10% to 20% above capacity" and comments that "Q2 is shaping to be a Monstrous Quarter."

Source: Re-posted and Summarized from Joey Klender at teslarati.

My Take: I will be super impressed if Q2 is better than Q1 after the China shutdown.

Re Posted From: Tesla Prepares For Monstrous Q2

Auto Helpers

Tesla is preparing for a "monstrous" second quarter as Trip Chowdhry of Global Equities Research released a new note this morning that indicates the Fremont factory in Northern California is running as much as 20 percent above capacity. On the heels of its biggest quarter in company history, Tesla is working to keep its streak of growth in vehicle deliveries intact. Recent shutdowns of the Shanghai production facility in China have hindered Tesla’s outlook for Q2, but the automaker is rebounding in the best way possible as demand increases.

The Fremont factory has an annual production run rate of 600000 vehicles, Tesla stated in its most recent Shareholder Deck. It builds all four currently-offered Tesla models, and is the only factory to manufacture each vehicle in Tesla’s lineup. Breaking down to about 150000 vehicles per quarter, Tesla could be operating with at least 30000 additional cars coming out of Fremont in Q2, a hefty supplemental number to accommodate lost progress in Shanghai this quarter.

Chowdhry said his routine checks on Tesla’s Fremont facility had been evidence of a massive production push in Northern California. This month, especially, has shown major progress. "May 2022 is off to an extremely strong Production, Shipments, and Deliveries," Chowdhry said in a note. "Fremont Factory is running 10% to 20% above capacity" and comments that "Q2 is shaping to be a Monstrous Quarter."

Source: Re-posted and Summarized from Joey Klender at teslarati.

My Take: I will be super impressed if Q2 is better than Q1 after the China shutdown.

Re Posted From: Tesla Prepares For Monstrous Q2

Auto Helpers