Connect with us

Hi, what are you looking for?

CleanTechnica

Cars

Tesla Has Best Ever 1st Quarter — 102,672 Vehicles Produced, 88,400 Delivered

Tesla has yet again broken some records. This time it broke its previous 1st quarter production and delivery records. With 102,672 vehicles produced and 88,400 delivered, despite both its Fremont factory and its Shanghai Gigafactory being shut down for periods of time last quarter due to the coronavirus.

Tesla has yet again broken some records. This time it broke its previous 1st quarter production and delivery records. With 102,672 vehicles produced and 88,400 delivered, despite both its Fremont factory and its Shanghai Gigafactory being shut down for periods of time last quarter due to the coronavirus.

The 88,400 delivery total was dramatically higher than the 2019 1st quarter total of 63,000, which was itself more than 20,000 vehicles higher than the previous 1st quarter record for the company. In other words, Tesla continues to grow like gangbusters.

The production total in the first quarter was perhaps more interesting than the delivery total — 102,672 vehicles produced is just barely fewer than the number produced in the 4th quarter of 2019, which was an all-time company record for any quarter.

Clearly, getting vehicles delivered at the end of March presented challenges due to coronavirus quarantines and lockdowns being at their highest.

As reported previously, Tesla Model Y deliveries started in the 1st quarter. Interestingly, Tesla has gone the route of combining Model 3 and Model Y numbers. Not fun for those of us who analyze and publish about specific model numbers! Hopefully that will change in coming quarters. If it doesn’t, it will be much more difficult to place the two models in their respective model rankings or overall vehicle rankings, which may steal many headlines from Tesla — since analysts and media outlets will be hesitant to claim either model won any rankings if they had to create their own estimates of those models’ sales. That’s getting into the vehicle sales reporting weeds, though.

Photo of Tesla Model 3 and new Tesla Model Y by Dick Amacher.

Tesla did not offer any guidance of how production and deliveries changed at the end of the quarter or, of course, what it expects in the second quarter. Tesla’s numbers are now at the whim of governmental regulations on economic and social activity — and no one seems to know how those will change from one day to the next, let alone one week or month or quarter to the next. What’s your best guess?

The Q1 numbers are apparently higher than Wall Street expected, as the Tesla [TSLA] stock price jumped rapidly after hours and is still climbing. It’s anyone’s best guess if that trend continues or reverses in the coming days as more information about the coronavirus pandemic, Tesla production, and Tesla deliveries comes out.

Join CleanTechnica for a webinar and Q&A with a new Model Y owner, Dick Amacher, on Sunday by becoming a CleanTechnica subscriber.

 
 
 
Appreciate CleanTechnica’s originality and cleantech news coverage? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.
 

Don't want to miss a cleantech story? Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!
 

Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.
Advertisement
 
Written By

Zach is tryin' to help society help itself one word at a time. He spends most of his time here on CleanTechnica as its director, chief editor, and CEO. Zach is recognized globally as an electric vehicle, solar energy, and energy storage expert. He has presented about cleantech at conferences in India, the UAE, Ukraine, Poland, Germany, the Netherlands, the USA, Canada, and Curaçao. Zach has long-term investments in Tesla [TSLA], NIO [NIO], Xpeng [XPEV], Ford [F], ChargePoint [CHPT], Amazon [AMZN], Piedmont Lithium [PLL], Lithium Americas [LAC], Albemarle Corporation [ALB], Nouveau Monde Graphite [NMGRF], Talon Metals [TLOFF], Arclight Clean Transition Corp [ACTC], and Starbucks [SBUX]. But he does not offer (explicitly or implicitly) investment advice of any sort.

Comments

You May Also Like

Cars

Tesla’s stock has remained a polarizing topic, especially as the company’s stock price dropped immensely throughout the last year. Bears and bulls are trying...

Cars

Following yesterday’s earnings call, shareholders of Tesla stock are pleased to see a “comeback” after a tough few months. Shares surged over 10% in...

Cars

In this article, I will explain how many households don’t have access to the US EV tax credit and some possible solutions. 81 Million...

Cars

On Tesla’s Q4 2022 and full-year 2022 conference call for shareholders (still occurring as I’m typing this), we received updates on Tesla Cybertruck production...

Copyright © 2023 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.