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
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.
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.
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Featured Image: Courtesy of Tesla, Inc.