Tesla (TSLA) breaks another record and delivers almost 185K cars in Q1 2021

Tesla lineup Supercharging

Tesla released their Q1 2021 production and delivery numbers this morning, setting new records and beating Wall Street estimates.

In a press release this morning, Tesla was able to deliver 184,800 vehicles in the first three months of the year. That number more than doubles the results from the previous year where Tesla delivered 88,400 vehicles in the same time period.

Production was also very strong despite a shutdown of the Fremont factory in February. Tesla was able to produce 180,338 vehicles in the quarter. The entirety of that number was Model 3/Y with zero Model S/X vehicles produced in the quarter.

Tesla was also able to more than double Model 3/Y production compared to Q1 2020 where 87,282 rolled off the production line.

Q1 2021 numbers

The automaker said the strong numbers were helped by the Model Y launch in China, and that the refresh Model S/X should contribute to figures for Q2 2021.

“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.”

The numbers could have been closer to 200,000 had the Model S/X been in full scale production. In the first quarter of 2020, Tesla produced 15,390 and sold 12,200 of the flagship vehicles.

Tesla released the numbers on a day when the markets are closed, so expect to see an interesting opening next week.

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Founder and Editor-in-chief of Drive Tesla Canada | Darryn@DriveTeslaCanada.ca Have a Tesla tip? Email tips@driveteslacanada.ca, or DM us on Twitter @DriveTeslaca