Bing Google Reviews
Get a FREE Quote

Tesla Has A New Set of Q1 2021 Expectations And That’s Just Great

You are currently viewing Tesla Has A New Set of Q1 2021 Expectations And That’s Just Great
  • Post category:Blogs

Tesla has released today its Q1 2021 delivery and production results, and as expected, the automaker has achieved record deliveries for a first quarter, but it also went way beyond that.

Tesla Q1 2021 expectations

As we discussed earlier this week, Tesla was coming off of an overall delivery record last quarter, but the automaker wasn’t expected to break the record again in Q1 2021.

Automakers generally see a seasonal decline in sales during the first quarter, and for Tesla, there were also a few production issues on top of it this time around.

Tesla had to shut down Fremont factory for a few days due to “part supply issues,” and it had to retool Model S and Model X production line for the refreshed version.

The company ended up not producing any Model S or Model X vehicles for most of the quarter, and it didn’t deliver many beyond liquidating the previous versions of the two electric vehicles in January.

These constraints resulted in a wide range of delivery estimates from industry watchers. Some saw Tesla barely beating its Q1 2020 deliveries of 88,000 vehicles while others saw the automakers beating its Q4 2020 record of 180,000 deliveries.

Tesla Q1 2021 delivery and production

Today, Tesla released its production and delivery numbers for Q1 2021 and confirmed 180,338 vehicles produced and 184,800 vehicles delivered:

 ProductionDeliveriesSubject to operating lease accounting
Model S/X2,0206%
Model 3/Y180,338182,7807%

As you can see, that’s way higher than most expectations with Tesla not only beating its Q1 record but also its overall delivery record by a healthy margin.

Tesla’s deliveries are up 110% year-over-year and up 2% quarter-over-quarter.

The automaker wrote about the results in a press release:

“In the first quarter, we produced just over 180,000 vehicles and delivered nearly 185,000 vehicles. We are encouraged by the strong reception of the Model Y in China and are quickly progressing 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 we are in the early stages of ramping production.”

Tesla confirmed that no new refreshed Model S and Model X have been delivered this quarter.

Close Menu