Tesla has achieved an impressive sales performance in the first quarter of 2021.
Tesla shared the results for the first quarter of 2021, covering January-March.
It is stated that the driving force for the company, which exceeded Wall Street estimates and reached record deliveries, is the demand for cheap models. In the meantime, let’s note that Tesla suspended its California facility for two days in February due to a shortage of parts.
According to Reuters, the company shares in a statement that the Model Y’s strong welcome in China has encouraged them and they are rapidly moving towards full production capacity.
In addition, it is stated that the new Model S and Model X are also extremely well received and are in the early stages of production increase.
Tesla’s Shanghai factory started production of the Model Y late last year, in the key market where it is currently producing the Model 3 sedan. In February, Tesla’s Chinese sales jumped from the previous month, even though it coincided with the Chinese Lunar New Year holidays.
In addition, the company delivered 184,800 vehicles worldwide, above the forecasts of 177,822 vehicles in the first quarter, according to Refinitiv data. In this sense, the previous record of 180,570 in the last quarter has also been exceeded.
Tesla delivered 182,780 Model 3 / Ys in the first quarter, a 13 percent increase over the previous quarter. In contrast, deliveries of more expensive S / Xs fell from 18,920 to 2,020 during the period before model upgrades.
Thanks to increasing global demand, Tesla’s annual sales are expected to exceed 850,000 vehicles this year.