Tesla has already sold all the cars it will make in Q2: Report

After a record first quarter where Tesla sold nearly 185,000 cars, it looks like Q2 has a good chance of setting another record for the automaker. A recent report suggests that with two months left to go, they have already sold every car they will be able to make in Q2.

According to sources familiar with the matter who spoke with Electrek, the automaker has informed employees that production capacity for the second quarter is already sold out. That is an impressive accomplishment considering how early it is in the quarter.

It is also believable considering remarks made by CEO Elon Musk during the company’s earnings call last month. According to Musk, there has been a shift in customer perception of electric vehicles (EVs). This shift has resulted in a large increase in demand for Tesla, which was apparent in the first quarter results.

“We’ve seen a real shift in customer perception of electric vehicles, and our demand is the best we’ve ever seen. We’re used to seeing a reduction in demand in the first quarter, and we saw an increase in demand that exceeded the normal seasonal reduction in demand in Q1,” Musk said. 

In the first quarter, Tesla was able to produce 180,338 vehicles, all of those being the Model 3 and Model Y. Thanks to an overflow of inventory from the previous quarter, that resulted in 184,887 vehicles being sold.  Given that the first quarter is typically the quietest quarter for all automakers, Tesla’s Q2 figures could be above 200K.

Based on the number of vehicles that both Fremont and particularly Giga Shanghai seem to churning out right now, that number seems more than achievable. Recent drone flyovers of the factory in China show the parking lot packed with thousands of cars waiting for delivery, and Fremont’s logistic lot is almost always a hub of activity.

Source: Electrek

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