Tesla Delivers Record 201,250 Cars in Q2, Up 122% Year-Over-Year
Tesla announced a record number of vehicle deliveries on Friday morning for Q2, producing and delivering over 200,000 cars for the first time.
“In the second quarter, we produced and delivered over 200,000 vehicles. Our teams have done an outstanding job navigating through global supply chain and logistics challenges,” said Tesla in a statement.
Tesla produced 2,340 Model S/X and delivered 1,890 of these vehicles. The company produced 204,081 Model 3/Y and delivered 199,360 of them, for a total of 201,250 cars delivered in total.
Compared to Q2 2020, Tesla delivered 90,650 vehicles, so compared to the 201,250 in Q2 2021, that’s a 122% increase year-over-year.
“Congrats Tesla Team on over 200,000 car built & delivered in Q2, despite many challenges!!”, said Tesla CEO Elon Musk on Friday morning.
Congrats Tesla Team on over 200,000 car built & delivered in Q2, despite many challenges!!
— Elon Musk (@elonmusk) July 2, 2021
“Overall, this quarter was an impressive performance from Musk & Co. and now with a strong second half performance should be able to hit ~900k vehicles for the year, which was a major stretch goal to kick off this year,’ said Wedbush analyst Dan Ives (via The Street).
“China and Europe had strong months of May/June we believe, which were key this quarter and speak to the Model 3/Y strength seen despite chip headwinds,” added Ives.
The strength in the quarter was driven by Model 3/Y which came in at 199,360 deliveries and beat Street estimate of 194,770 for the quarter. This quarter despite Category 5 headwinds Tesla beat the Street on Model 3/Y and had a "comeback kid" performance in China it appears.
— Dan Ives (@DivesTech) July 2, 2021
In Q1 of 2021, Tesla delivered 184,870 cars, so compared to Q2, Tesla saw a 9% increase in deliveries.