Tesla scores a grand first quarter despite no Model S/X production



Tesla, Inc. (TSLA) hits another record quarter production and delivery numbers in Q1 2021 despite there was no new Model S or Model X vehicles produced.

The U.S.-based electric automaker revealed its first-quarter vehicle production and delivery numbers yesterday via its investor relations website.

Q1 is usually a slow quarter in the automotive industry. If Tesla can score a historical number of sales in Q1 2021, this might mean the rest of the year is going to get better with each quarter.

Delivering almost 185k cars without Model S and Model X in the mix, Tesla has emerged stronger at the start of this year. The following table shows the exact number of car production and deliveries

Table: Tesla Q1 2021 Production and Deliveries

Model S/X2,020
Model 3/Y180,338182,780
Data source: Tesla, Inc. investor relations website. *Total 7% vehicles subject to lease accounting.
Tesla Model Y Accessories by EVANNEX (Sponsored Banner).
– Sponsored –

A sizeable chunk of this success comes from the warm welcome of Tesla Model Y in China. “We are encouraged by the strong reception of the Model Y in China and are quickly progressing to full production capacity,” Tesla stated.

Recently, while addressing Tesla employees on a company-wide call, CEO Elon Musk said that Gigafactory Shanghai is going to play a big role in the company’s growth this year. With the help of Giga Berlin and Giga Austin, Tesla will be hitting 1 million vehicle production in 2021, Musk further said.

Made-in-China Tesla Model Y electric SUV.
Made-in-China Tesla Model Y electric SUV. Image: Courtesy of Tesla, Inc. China / Twitter.
– Advertisement –

Tesla’s Q1 2021 deliveries have stunned the Wallstreet analysts who were estimating the numbers to be around 160,000 vehicles. Even Bloomberg estimated a figure of around 169,000 cars.

“The quarter was a massive home run in the eyes of the bulls. We believe China and Europe were particularly robust this quarter as the trajectory now puts Musk & Co. to exceed 850k for the year which is well ahead of whisper expectations,” noted Dan Ives of Wedbush, reported by Bloomberg.

Tesla is preparing to start the 2021 Model S and Model X design refresh deliveries as soon as possible, “The new Model S and Model X have also been exceptionally well received, with the new equipment installed and tested in Q1 and we are in the early stages of ramping production,” the automaker stated.

Related: Tesla Q4 and 2020 overview | Q4 2020 Earnings Call

Stay tuned for more Tesla (TSLA) news, follow us on:
Google News | Flipboard | RSS (Feedly).

Featured Image: Courtesy of Tesla, Inc.

Iqtidar Ali
Iqtidar Alihttp://www.teslaoracle.com
Iqtidar has been writing about Tesla, Elon Musk, and EVs for more than 3 years on XAutoWorld.com, many of his articles have been republished on CleanTechnica and InsideEVs, maintains a healthy relationship with the Tesla community across the Social Media sphere. You can reach him on Twitter @IqtidarAlii

Latest News

Tesla releases Cybertruck Delivery Event details, entry will require QR code scanning, TSLA stock price surges, more

Tesla (TSLA) released details of the Cybertruck Delivery Event today. The event is scheduled to take place at the...

Watch the Tesla Cybertruck drive through the salty sea water like a boss

Tesla Cybertruck is currently the most anticipated vehicle of the entire automotive industry globally. Tesla showrooms are getting rushed...

Canada’s lone Cybertruck attracts massive crowds waiting in line to get a first look, more Tesla showrooms get it in the US

On the day of Black Friday and the following weekend, a massive number of Canadians chose to see the...

Elon Musk’s iPhone wallpaper of Starship’s 2nd launch tells us a bit about his phone preferences

CEO of Tesla and SpaceX Elon Musk shared his personal phone's wallpaper on X (Twitter) a couple of days...
- Advertisement -

Elon Musk’s iPhone wallpaper of Starship’s 2nd launch tells us a bit about his phone preferences

CEO of Tesla and SpaceX Elon Musk shared his personal phone's wallpaper on X (Twitter) a couple of days...

2nd Starship launch was a success, it went way beyond stage separation and then missing in space

After 7 months of excitement, hurdles, and wait, SpaceX finally launched Starship for the 2nd time. Although both Super...

SpaceX delays Starship launch to Saturday 18th Nov to fix a grid fin on the Super Heavy rocket, says Elon Musk

SpaceX CEO Elon Musk has announced on his social media platform X that the 2nd Starship launch which was...

Tesla Tips & Tricks

Watch what happens when the Tesla Model 3 screen is smashed with a hammer while driving

A tech YouTuber Taras Maksimuk has performed a very...

Tesla owner melts snow off of his car using Defrost Mode in the extreme cold weather (video)

The actual test of an electric vehicle is conducted...

Tesla Model Y/3 heat pump issue in cold weather might not be fixable with just a software update

Canada's extreme cold weather is taking a toll on...

Tesla Quarterly Reports & Eearnings

- Advertisement -

You might also likeRELATED
Recommended for You