tesla planning on producing 495k model y and model 3 in q4: report

Austin-based electric vehicle maker Tesla intends to increase the global production of the Model Y and Model 3 in Q4 2022. The electric vehicle maker is also looking to build on this momentum in 2023, especially as newer Gigafactories in Austin and Berlin ramp up their respective vehicle production.

Tesla has been very optimistic about its growth, with executives such as CEO Elon Musk noting that the company should be able to maintain growth of about 50% every year. The present year has been challenging, however, thanks in no small part to headwinds in China during the second quarter, which shut down Gigafactory Shanghai for an extended period of time.

Citing internal forecasts for the next four quarters that it has reviewed, Reuters noted that Tesla is looking to produce nearly 495,000 Model Y crossovers and Model 3 sedans in Q4 2022. These two vehicles, while being Tesla’s most affordable cars, also comprise about 95% of the company’s worldwide sales. The publication also noted that it confirmed Tesla’s global output target with two people familiar with the matter.

But this is not all. With Gigafactory Berlin and Giga Texas ramping their production, the electric vehicle maker is reportedly looking to follow its momentum all the way to 2023 by producing 1.59 million Model Y and Model 3 through the first three quarters of 2023. And considering that Q4 tends to be higher than previous quarters, Tesla might be on track to post sales of over 2.1 million cars next year.

Elon Musk has previously stated that Tesla has a pretty good chance of hitting a global production run rate of 40,000 vehicles per week by the end of 2022. The internal forecasts reported by Reuters suggest that the company could hit and maintain this level of production past the fourth quarter. The company’s forecast, however, relies quite a lot on the ramp of Gigafactory Berlin and Giga Texas, two facilities that are still in their early stages of vehicle production.

Tesla is expected to release its Q3 2022 vehicle delivery and production report as early as the coming weekend. Overall, brokerage Piper Sandler expects Tesla to deliver 354,000 vehicles in the third quarter, while Citi anticipates 369,800 vehicle deliveries, despite its analyst Itay Michaeli maintaining a “sell” rating on TSLA stock. Tesla observer Troy Teslike, who closely tracks manufacturing and delivery data, expects 343,779 Model Y and Model 3 to be sold in Q3 2022.

Don’t hesitate to contact us with news tips. Just send a message to simon@teslarati.com to give us a heads up.

Keyword: Tesla planning on producing 495k Model Y and Model 3 in Q4: report

CAR'S NEWS RELATED

With only days before initial testing, the Formula E grid is finalized

Formula E has finalized its grid of participating teams, including three new participating automakers. Despite the departure of notable teams, including Mercedes and BMW, as Formula E begins its 9th season with its new third-generation car, it has also attracted three new brands, including Cupra (VW Group’s Spanish sub-brand), Maserati, ...

View more: With only days before initial testing, the Formula E grid is finalized

2022 was Tesla’s best year ever, but not for its stock (TSLA), and investors are not happy

2022 was undoubtedly Tesla’s best year ever financially and for vehicle deliveries, but it has not been for its stock (TSLA), and now investors are unhappy and telling the board about it. If you were to just look at Tesla’s quarterly reports this year, you would think that Tesla ...

View more: 2022 was Tesla’s best year ever, but not for its stock (TSLA), and investors are not happy

The Tesla Model S Plaid continues to collect lap records

A Tesla Model S Plaid has taken yet another lap record, this time at Willow Springs Raceway. The Tesla Model S Plaid has been on a mission to take lap records at some of the world’s most formidable tracks. Perhaps most notably, the Tesla Model S Plaid held the ...

View more: The Tesla Model S Plaid continues to collect lap records

Tesla Model S and X Plaid arrive in Germany for first deliveries

Tesla Model S and Model X Plaid vehicles have arrived in Germany as the company preparing for first deliveries. Yesterday, we reported Tesla Model S and Model X cars had arrived at the Port of Zeebrugge in Belgium and loaded onto car haulers for customer deliveries. The haulers were spotted ...

View more: Tesla Model S and X Plaid arrive in Germany for first deliveries

Tesla Model 3 overtakes Model Y as Germany’s favorite EV

The Tesla Model 3 was the most registered electric vehicle in Germany during November, beating out the long-time champion, the Tesla Model Y. With the Tesla Model Y’s introduction to Europe, it quickly became a fan favorite. Its more upright seating and spacious cabin were likely incentives over the Model 3 ...

View more: Tesla Model 3 overtakes Model Y as Germany’s favorite EV

Tesla received the green light to expand German Gigafactory

Tesla has received the green light from the Grünheide municipality for its plan to expand the factory site there by 100 hectares. There is also news about the planned water supply and the workforce at the Brandenburg Gigafactory. First of all, the planned expansion of the factory site, which ...

View more: Tesla received the green light to expand German Gigafactory

You Can Now Buy An Official Tesla Charger At Best Buy

While Tesla pushes to make its charging connector the new standard, it has now listed its Wall Connector on Best Buy's website.

View more: You Can Now Buy An Official Tesla Charger At Best Buy

Tesla, Ford Dealers, and Charging: Top EV News Dec 9, 2022

It's the end of the week, which means it's time to share some compelling EV stories as we head into the weekend.

View more: Tesla, Ford Dealers, and Charging: Top EV News Dec 9, 2022

Where Can You Buy The Cheapest Tesla Model Y?

Elon Musk says Tesla-rival Lucid might be about to die

Tesla gets one of its most bullish comments from Elon Musk to date

Hyundai Ioniq 6 is now on sale and cheaper than a Tesla Model 3

US Democrats call for more scrutiny of Elon Musk’s Neuralink

Tesla’s Elon Musk sounds alarm on Lucid Motors: “They are not long for this world”

More details of Tesla China’s claimed Model Y production cuts get released

BoI steps up efforts to woo Tesla

Tesla starts laying the foundation for the Semi in Canada

2022 Tesla Model X Review, Price and Specifications

Tesla (TSLA) faces more rumors that it is cutting production in China

Elon Musk might need new Tesla-backed margin loans to support Twitter

OTHER CAR NEWS

;
Breaking thailand news, thai news, thailand news Verified News Story Network