Tesla Has a Record Quarter

Tesla produced just over 180,000 vehicles and delivered nearly 185,000 vehicles in Q1 2021. Model Y in China is doing well and ramping to full production capacity. The new Model S and Model X have also been exceptionally well received, with the new equipment installed and tested in Q1 and they are in the early stages of ramping production.

The deliveries were about 13,000 higher than the consensus analyst projections of 172,000. Many projections were for 160,000-165000.

Tesla production and deliveries in Q1 2021 beat the traditionally strongest Q4 last year and this was done while the Model S and X production was down for a model refresh. S and X production and deliveries will be ramp to higher production levels later this year.

This increases the chances that Tesla gets to over 1 million vehicles built and delivered in 2021 and over 2 million vehicles for 2022.

SOURCES- Tesla, Tesla Daily
Written By Brian Wang, Nextbigfuture.com (Brian owns shares of Tesla)