With increased growth, Tesla’s sales continue to impress for the Q1 of 2021 after another world record. And all this with the production of the X & S models having stopped since the revamped models will soon go on sale.
More specifically, Tesla manufactured 180,338 Model 3 and Model Y, but no Model S/Model X since as mentioned above the Californian company is preparing the production line of the factory in Freemont for the start of production of the renewed Model S and Model X.
In its announcement, Tesla noted:
In the first quarter, we produce over 180,000 vehicles and delivered nearly 185,000 vehicles. We are encouraged by the strong reception of the Model Y in China and we are moving quickly for full production capacity. The new Model S and Model X also have excellent acceptance, with the new equipment installed and tested in the first quarter of the year, and we are in the early stages of their production process.
The results of net income and cash flow will be announced together with the rest of our financial performance when we announce first quarter earnings. The number of our deliveries should be considered slightly conservative, as we count a car as deliverable only if it is transferred to the customer and all the paperwork is correct.
Final numbers could vary by up to 0.5% or more. Deliveries of Tesla vehicles represent only one measure of the company’s financial performance and should not be counted as an indicator of quarterly financial results, which depend on a number of factors, such as sales costs, currency movements and the combination of directly leased vehicles.