Total Q1 – 184 800
Tesla’s Big Quarter ! Against all odds Tesla has posted a greater than expected production and delivery numbers for the first quarter of 2021.
Traditionally Q1 is supposed to be the least impressive quarter for most car manufacturers within the USA.
Because Tesla resides not just in the USA but in other markets like China we have seen some impressive numbers in other markets which helped todays numbers.
The fact that no production of the Model S/X occurred during this time helps to impress.
The future of Tesla is looking bright.
Break down of the numbers
Tesla announced in their production and deliveries press release to investors.
Production
- Model 3/Y
- 180,338
- Model S/X
- 0 vehicles produced
Deliveries
- Model 3/Y
- 182,780
- Model S/X
- 2020 vehicles produced
These numbers came as a surprise to most analysts who had predicted lower than expected numbers.
These numbers will hopefully give a shot in the arm for the stock price.
2021 Big Numbers
2020 saw Tesla make a goal that, Elon Musk CEO of Tesla (Techno king of Tesla), predict almost 6 years before.
By 2020 they would be producing 500,000 vehicles a year.
At the time he made this prediction, Tesla was a fledgling company.
Their newly released vehicle and aspirations to be one of the big players in the vehicle industry.
It is truly incredible that they were able to come in just a few hundred shorts from the 500,000.
What it proved was the might of the company and its self-belief that anything is possible.
The hidden secret to this company is not in its focus on producing amazing vehicles (Which they are) but it’s true drive to transition the world to sustainable energy.
Their mission focusses on the “Why of Tesla”, which helps to drive the “What of Tesla” which is supported by the “Who of Tesla”.
It is this way of thinking which Simon Sinek has professed for many years that helps to drive Tesla employees, Tesla customers, and the Tesla faithful.
So, it is no surprise that Q1 of 2021 has shown that Tesla can continue to improve and grow if all are focused on the mission instead of building cars.
If Tesla delivered in 2020 approximately 88,000 vehicles in quarter 1 and they delivered just under 500,000 vehicles in the year, then 2021 is looking to be almost three quarters of a million cars.
This growth truly gives Tesla the opportunity to grow years over years for many years to come.
Factories
Tesla has a big year ahead not only with the current deliveries and production but opening many more Tesla stores and increasing their global footprint.
Two key factory constructions which will be completed in the later part of the year and with this the introduction of the Cybertruck and more production of the Model 3 and Model Y.
The factories will open up a greater opportunity to deliver to Europe and middle America.
The ramp up of these factories will only improve the end of year numbers and will continue to grow the possibility of many more people receiving their new electric vehicles.
Tesla is truly an inspirational story and with its recent success and its plans for the future we will only see Tesla and the products they continue to innovate on develop to be the leaders in their fields and the future.
If you enjoyed this blog please check out my most recent blogs at EV-HQ.com.
Here is my last Blog Tesla Passion versus Prices
Dave
