Tesla Reports Record Q1 2021 Deliveries, Beats Wall Street Estimates

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Tesla reported on Friday its Q1 2021 vehicle production and deliveries and it was a record-breaking quarter, according to the company.

For the January to March quarter, Tesla produced 180,338 vehicles (Model 3/Y) and delivered 184,800 vehicles (2,020 Model S/X and 182,780 Model 3/Y).

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“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,” said Tesla in a statement.

Estimates from Refinitiv data pegged Tesla to deliver 177,822 vehicles, but the electric automaker topped this Wall Street number.

Tesla also beat its previous quarter which saw 180,570 vehicles delivered, while its production in Q1 also beat its Q4 (179,757).

What’s even more impressive was Tesla was able to achieve this production record despite its Fremont plant shutting down for two days, due to global chip shortages.

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