Tesla Reports Record Deliveries of 201,250 Vehicles in the Second Quarter of 2021
Electric automaker Tesla is on a roll. The company was once written off as just a niche California electric car company posing no threat of taking away sales from legacy automakers. Now Tesla has risen to become the world's most valuable car company and the brisk sales of its electric vehicles prove that Tesla's mission to transition the world to sustainable energy is well underway.
The California company reported its best quarterly delivery numbers in its history of 201,250 electric vehicles. The record delivery numbers were just slightly less than analysts expectations of roughly 202,000 vehicles.
Tesla produced 206,421 vehicles in the second quarter of the year. The total includes 204,081 of its Model 3 and Y along with 2,340 Model S and X vehicles, the company said.
Tesla does not report individual sales of each vehicle breakdown by region, including China, which is the world's biggest auto market. However more than likely its strong Model Y sales that helped Tesla achieve record deliveries.
Chief Executive Elon Musk said in the past that the Model Y could outsell all of Tesla's other models combined. The company wrote in its Q1 financial summary in April that it believes the Model Y could become a category leader and the best-selling vehicle of any kind globally.
Tesla's record second quarter deliveries follow its record profits in the first quarter of the year. In April, Tesla reported its highest quarterly profit ever with a GAAP net income of $438 million. The strong Q1 performance resulted in earnings of 93 cents per share on $10.39 billion in revenue.
In April, Tesla announced it delivered a record 184,800 cars in the first three months of 2021, which is more than double the total from the same period in 2020. The record Q2 deliveries broke the previous record set last quarter.
Tesla produced 180,338 in Q1 all of which were Model 3 and Model Y vehicles. Tesla flagship Model S and Model X SUV are currently in the midst of refresh and Tesla is retooling its Fremont, California, so the company reported that it did not build any of the two models in the first quarter of the year.
Last month however, Tesla Chief Executive Elon Musk said Model S and X production will resume in Q3. On June 11, Musk said ″should be at several hundred cars per week soon," but added that Tesla would not be producing thousands of Model S vehicles per week until next quarter. As a resut, it's not clear if demand for Tesla's more expensive vehicles is declining.
Despite the record deliveries, Tesla's stock price remained relatively unchanged on Friday and was trading at $678.32 on Friday.
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