Palo Alto-based electric carmaker Tesla reported vehicle production and delivery numbers for first quarter of 2021.
Tesla produced just over 180,338 electric vehicles and delivered 184,800 vehicles, beating analysts’ expectations.
The Q1 deliveries beat Tesla’s previous record of 180,570 deliveries in Q4 2020.
“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,” Tesla said in a statement.
|Production||Deliveries||Subject to operating lease accounting|
The new deliveries figures were over 100 percent higher than the Q1 2020 when Model Y’s first supply and volume production began. However, deliveries from Q1 2021 rose by just 2 percent compared to the end of 2020 when Tesla supplied 180,570 cars.
Tesla noted that its delivery count should be viewed as slightly conservative since it only counts a car as delivered if it is transferred to the customer and all of the paperwork is accurate. Final numbers could vary by up to 0.5% or more.
The company will release quarterly financial results in a few weeks.