Tesla’s Q1 Numbers Blow Predictions Out of the Water

With the end of March comes automaker’s results for the first quarter of the year and EV giant Tesla has continued its success. As expected, Tesla released its Q1 2021 delivery and production results which show that the company was able to achieved record deliveries, again.

Over the course of the last three months, there have been several factors that caused some people to think Tesla would not break the record they were able to break last quarter in regards to delivery and production. With the Fremont factory having closed for a few days this month as well as the retooling of Model S/X production lines, in addition to lack of supplies among other things, it seemed the California-based EV manufacturer was headed towards an average quarter.

However, that is quite the opposite of what happened as Tesla released its production and delivery numbers for Q1 2021 today and confirmed it produced 180,338 vehicles and delivered 184,800 vehicles.

The EV giant managed to deliver 2,020 Model S/X units by liquidating the previous versions of the two electric vehicles in January. Between the Model 3 and the Model Y, Tesla managed to produce 180,338 vehicles and deliver 182,780, blowing most expectations for Q1 2021 out of the water.

These numbers not only top the automaker’s record Q1 numbers, but its overall delivery record as well, meaning Tesla is experiencing a 110% year-over-year increase and a 2% quarter-over-quarter increase.

According to the automaker’s 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.”

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