- Tesla Inc (NASDAQ: TSLA) announced in the first quarter that the company produced just over 180,000 vehicles and delivered nearly 185,000 vehicles. These are the details.
Tesla Inc (NASDAQ: TSLA) announced in the first quarter that the company produced just over 180,000 vehicles and delivered nearly 185,000 vehicles. And the company said it was encouraged by the “strong reception” of the Model Y in China and the company is quickly progressing to full production capacity.
Plus the new Model S and Model X were exceptionally well received with the new equipment installed and tested in Q1. And the company is in the early stages of ramping production.
Model S/X
Production: –
Deliveries: 2,020
Subject to operating lease accounting: 6%
Model 3/Y
Production: 180,338
Deliveries: 182,780
Subject to operating lease account: 7%
Total
Production: 180,338
Deliveries: 182,780
Subject to operating lease account: 7%
Tesla’s net income and cash flow results will be announced along with the rest of the company’s financial performance in the Q1 earnings. Tesla also noted that its delivery count should be viewed as slightly conservative as they only count a car as delivered if it is transferred to the customer and all paperwork is correct. And the final numbers could vary by up to 0.5% or more. Plus 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.
These numbers were well above expectations. According to Seeking Alpha, analysts were expecting about 168,000 vehicles.
Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.
