Tesla Q1 2020 scores new record deliveries
Tesla announced the results of Q1 2020 where it was once again achieved a new record of deliveries.. The numbers are not the largest the company has managed, but they are a record for the first quarter of a year in its history.
So Tesla announced that it manufactured 102,672 cars and sold 88,400. It is certainly surprising that expectations were to sold about 70,000 cars, but the US car-maker managed much more.
The production of the Model S and Model X reached 15,390 cars and their sales of 12,200 cars. Respectively, the production of the Model 3 and Model Y reached 87,282 cars, and their sales 88,400 cars.
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The Model Y has not yet been able to play stats hard, but it is already a great feat where it started selling several months earlier. Also, Tesla’s factory in Shanghai continued to achieve the pace of production, despite the major problems brought about by the coronavirus pandemic.
Tesla press release
Tesla Q1 2020 Vehicle Production & Deliveries
PALO ALTO, Calif., April 02, 2020 (GLOBE NEWSWIRE) — In the first quarter, we produced almost 103,000 vehicles and delivered approximately 88,400 vehicles. This is our best ever first quarter performance.
|Production||Deliveries||Subject to lease accounting|
Model Y production started in January and deliveries began in March, significantly ahead of schedule. Additionally, our Shanghai factory continued to achieve record levels of production, despite significant setbacks.
Our net income and cash flow results will be announced along with the rest of our financial performance when we announce Q1 earnings. Our delivery count should be viewed as slightly conservative, as we only count a car as delivered if it is transferred to the customer and all paperwork is correct. Final numbers could vary by up to 0.5% or more. Tesla vehicle deliveries represent only one measure of the company’s financial performance and should not be relied on as an indicator of quarterly financial results, which depend on a variety of factors, including the cost of sales, foreign exchange movements and mix of directly leased vehicles.