More than 10,000 Teslas gather in Shanghai port ahead of third quarter results
Tesla’s third quarter earnings call is just days away and the electric vehicle maker’s operations are in full swing. This is particularly notable in China, where Giga Shanghai continues to pump vehicles for exports.
Aerial footage of one of these batches of Teslas from Gigafactory Shanghai was recently taken at Shanghai’s South Port Terminal, and it’s one of the largest to date. Recorded by longtime Tesla China watcher Wu Wa, the video showed thousands upon thousands of Teslas waiting to be loaded onto cargo ships.
Members of the Tesla community who roughly estimated the number of vehicles in the footage suggested there were likely more than 10,000 Teslas at Shanghai’s South Port Terminal when the video was taken. Considering the images were captured yesterday, October 13, it looks like the port will continue to be busy in the days leading up to Tesla’s third-quarter earnings.
Tesla’s third-quarter earnings call is particularly interesting because the company’s third-quarter vehicle delivery numbers fell short of Wall Street expectations. Tesla explained that’s because it’s shifting to a more even regional mix of vehicle builds each week, so estimates suggest the company could still be quite profitable despite its lower-than-expected deliveries.
“Historically, our delivery volumes have been skewed towards the end of each quarter due to the construction of regional batches of cars. As our production volumes continue to grow, it is becoming increasingly difficult to secure transportation capacity. vehicles and at a reasonable cost during these peak logistics weeks.
“In the third quarter, we began the transition to a more even regional mix of vehicle builds each week, which resulted in an increase in the number of cars in transit at the end of the quarter. These cars have been ordered and will be delivered to customers upon arrival at their destination,” Tesla wrote.
For context, Tesla delivered 343,830 vehicles, including 325,158 Model 3/Ys and 18,672 Model S/Xs in Q3 2022. The company also produced 365,923 cars, including 345,988 Model 3/Ys and 19,935 Models S/X during the same period.
Tesla is expected to release its third quarter 2022 financial results after markets close on Wednesday, October 19, 2022. The third quarter earnings call itself is scheduled for 4:30 p.m. Central / 5:30 p.m. Eastern. As with previous Q&A sessions, the webcast of the call will be available online.
Watch Tesla’s latest batch of exports in the video below.
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