Tesla Q1 2021 Vehicle Production & Deliveries

Rhea-AI Summary

PALO ALTO, Calif., April 2, 2021 – In Q1, Tesla produced over 180,000 vehicles and delivered nearly 185,000. The Model Y has seen strong reception in China, with production ramping up. The new Model S and Model X have also been well received, with new equipment installed and tested in Q1, paving the way for increased production. Delivery counts exclude cars not fully transferred to customers. Tesla will announce net income and cash flow in its Q1 earnings report, advising stakeholders that delivery figures alone do not indicate overall financial performance.

Positive

• Produced over 180,000 vehicles in Q1.
• Delivered nearly 185,000 vehicles, showing strong demand.
• Model Y receives positive reception in China, indicating growth potential.
• New Model S and Model X are well-received, indicating a successful product launch.

Negative

• Net income and cash flow results are not yet reported, causing uncertainty.
• Delivery count could vary by 0.5%, introducing potential reporting discrepancies.
• Relying on vehicle deliveries alone may mislead about overall financial health.

PALO ALTO, Calif., April 02, 2021 (GLOBE NEWSWIRE) -- 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.

	Production	Deliveries	Subject to operating lease accounting
Model S/X	-	2,020	6%
Model 3/Y	180,338	182,780	7%
Total	180,338	184,800	7%

 
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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.

Forward-Looking Statements
Statements herein regarding the timing and future progress of our vehicle production ramp are “forward-looking statements” based on management’s current expectations and that are subject to risks and uncertainties. Various important factors could cause actual results to differ materially, including the risks identified in our SEC filings. Tesla disclaims any obligation to update this information.

FAQ

What were Tesla's Q1 2021 production and delivery numbers?

In Q1 2021, Tesla produced over 180,000 vehicles and delivered nearly 185,000.

How is the Model Y performing in China?

The Model Y has received a strong reception in China, with production progressing rapidly.

What is the outlook for the new Model S and Model X?

The new Model S and Model X have been exceptionally well received, with production ramping up.

When will Tesla announce Q1 2021 financial results?

Tesla will announce its Q1 2021 net income and cash flow along with its financial performance report.

How does Tesla's vehicle delivery count affect its financial performance?

Vehicle delivery counts are one measure of performance but do not solely indicate quarterly financial results.