Tesla reported a 81% year-on-year increase in revenues for the first quarter to 18.8 billion US dollars. It achieved this growth despite "global supply chain, transportation, labor and other manufacturing challenges, limiting our ability to run our factories at full capacity."
Tesla said energy storage deployments increased by 90% to 846 MWh, in the first quarter mainly driven by strong Powerwall deployments. "We are in the process of ramping production at a dedicated Megapack factory to address the growing demand," it added. However, solar deployments decreased by 48% to 48 MW. "This reduction was caused by import delays beyond our control on certain solar components. Solar roof deployments continued to grow, " Tesla said.
The carmaker is aiming to release FSD (full self driving) Beta software to all U.S. FSD customers before the end of this year. Initial release of FSD Beta to some customers in Canada started in March 2022. Source: Tesla collateral
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