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Tesla Q1 2021 Vehicle Sales Surge

April 5, 2021

In the first quarter, we produced just over 180,000 vehicles and delivered nearly 185,000 vehicles. Tesla out did the 180,570 deliveries the company recorded in the fourth quarter of last year.

The Street was only expecting 173,000 deliveries.

Tesla said, "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."

While the news popped the firm's share price, Tesla stock is down over 9% in 2021.

 

Production

Deliveries

Subject to operating lease accounting

Model S/X

-

2,020

6%

Model 3/Y

180,338

182,780

7%

Total

180,338

184,800

7%

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