Especially after the big push at the end of 2020 likely canibalized quite a few sales. Historically there havent been many but doubt Q1 2021 is going to set a record with slowdowns in availability of certain parts. If there is no record to set they dont do anything. We are encouraged by the strong reception of the Model Y in China and are quickly progressing to full production capacity. Usually end of the year or quarters where they are close to setting a record. He finally shut the factory down on March 23, about a week before the quarter ended. Tesla Q1 2021 Vehicle Production & Deliveries Globe Newswire PALO ALTO, Calif., Ap In the first quarter, we produced just over 180,000 vehicles and delivered nearly 185,000 vehicles. Tesla kept running its Fremont plant for a week after county officials ordered all non-essential businesses to shut down. The strong manufacturing numbers also reflect Musk's stubborn insistence on keeping Tesla's Fremont factory operating despite the economic downturn. Despite that, Tesla's deliveries for the quarter grew 40 percent from a year earlier. Presumably, economic uncertainty about the coronavirus discouraged some people from buying Tesla vehicles in March. Ford, which also announced Q1 sales numbers today, blamed the coronavirus for a 12-percent year-over-year decline in sales. Tyler Davoren Tesla Q1 2021 Vehicle Production & Deliveries Tesla Investor Relations Andrea Lisi Tesla delivers. The results are particularly impressive in light of the ongoing coronavirus crisis. Doesn’t matter which way you cut it, amazing YOY growth increase. "Our Shanghai factory continued to achieve record levels of production, despite significant setbacks," Tesla said in its Thursday release. In addition, Ives raised estimates on Model S/X deliveries from 12,500 to 14,000.Tesla Growth. It also represents Tesla's new manufacturing facility in Shanghai, which began operations in late 2019. The growth partly reflects improved productivity at Tesla's flagship factory in Fremont, California. That was due in part to an earlier step in the tax credit's year-long phaseout.Īnd notably, Tesla's latest results are a big increase over its results a year earlier the company produced 77,100 vehicles in Q1 2019 and delivered 63,000. Tesla saw a similar decline in deliveries between Q4 2018 and Q1 2019. Decemwas the deadline for Tesla customers to receive a federal electric vehicle tax credit, so customers thinking about buying a Tesla car had a strong incentive to do it before the end of the year. While the delivery number is down from the previous quarter, the overall results were better than analysts had expected, sending Tesla's stock up more than 10 percent in after-hours trading. Tesla vehicle deliveries represent only one measure of the company’s financial performance and should not be relied on as an indicator of quarterly financial results, which depend on a variety of factors, including the cost of sales, foreign exchange movements and mix of directly leased vehicles.Tesla produced 102,672 vehicles in the first quarter of 2020 and delivered 88,400 vehicles to customers, the company announced to investors on Thursday. Final numbers could vary by up to 0.5% or more. Our delivery count should be viewed as slightly conservative, as we only count a car as delivered if it is transferred to the customer and all paperwork is correct. Our net income and cash flow results will be announced along with the rest of our financial performance when we announce Q2 earnings. Our teams have done an outstanding job navigating through global supply chain and logistics challenges. PALO ALTO, Calif., J– In the second quarter, we produced and delivered over 200,000 vehicles.
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