Tesla Has Best First Quarter Ever Despite Coronavirus Shutdowns

Tesla produced almost 103,000 vehicles and delivered approximately 88,400 vehicles. This is Tesla’s best ever first-quarter performance.

Model Y production started in January and deliveries began in March, significantly ahead of schedule. The Shanghai factory continued to achieve record levels of production, despite significant setbacks.

SOURCES – Tesla, Hyperchange.
Written By Brian Wang, Nextbigfuture. Brian owns Tesla shares.

3 thoughts on “Tesla Has Best First Quarter Ever Despite Coronavirus Shutdowns”

  1. For reasons that are not clear to me, Tesla’s numbers have a fairly strong seasonal variation. The 1st quarter is always lower than the other quarters, and every year we get people pointing to the “fall” in Tesla’s numbers, only to have it climb back up again for the other quarters.
    This is why so many statistics are presented in a “seasonally adjusted” fashion.

  2. Tesla’s Q1 is lower than the previous 3 quarters. The China factory “record” is completely hollow in meaning, but typical B.S. from T. It’s a new factory and every new car that rolls off the line is setting new production records for the factory. Do they shout, “new record!” every time a car is made?

  3. It is interesting that so few Tesla’s are leased out to customers – in the US about 30% of all new cars are leased, and the number is higher for luxury brands – 45% to 65% or so, depending on the brand. I suppose that is a good portion of why Tesla’s resale values seem to be higher than similar gas cars.

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