Tesla q1 deliveries 2021
Estimates ranged from 145,000 to 188,000 deliveries. Analysts were expecting Tesla to deliver around 168,000 vehicles during this period, according to estimates compiled by FactSet as of April 1. In total, it delivered 184,800 vehicles and produced 180,338 cars. Currently, LFP batteries are used in most of Tesla's standard range vehicle products, as well as commercial energy storage applications. Tesla just reported first-quarter vehicle production and delivery numbers for 2021. PALO ALTO, Calif., Ap(GLOBE NEWSWIRE) - In the first quarter, we produced just over 180,000 vehicles. Nearly half of Tesla vehicles produced in Q1 have been equipped with a lithium iron phosphate (LFP) battery, containing no nickel or cobalt. Tesla Q1 2021 Vehicle Production & Deliveries Published. Limited production has recently restarted. While weekly production rates were strong in Q1, a spike in COVID-19 cases in Shanghai resulted in the temporary shutdown of the factory as well as parts of the supply chain. Ultimately, Gigafactory Berlin-Brandenburg will be able to produce Model Ys using both structural packs with 4680 cells as well as non-structural packs with 2170 cells. Production at Gigafactory Berlin-Brandenburg started in March 2022, using non-structural packs with 2170 cells for the start of production. Tesla is also making progress on the industrialization of the Cybertruck, which is currently planned for Austin production subsequent to the Model Y ramp. Later this year, Gigafactory Texas is expected to be able to produce Model Ys using both structural packs with 4680 cells as well as non-structural packs with 2170 cells. This is an important milestone for the company's capacity growth efforts. At the Cyber Rodeo opening party, we delivered the first vehicles with 4680 in-house-made cells, single-piece front body castings, and structural battery packs.
In April 2022, Tesla began Model Y deliveries from our new factory in Austin, Texas. It has also delivered 295,324 Model 3/Y units, which is a 62% YoY growth. For the same period, the company has produced 291,189 Model 3/Y units, which is a 61% YoY growth. In Q1 of 2022, Tesla produced 14,218 and delivered 14,724 Model S/X units. The operating income improved to $3.6B in Q1, resulting in a 19.2% operating margin.
In terms of revenues, automotive ones for Tesla have increased by 87% YoY to $16.861 billion with automotive gross profit increasing by 132% YoY. Semiconductor supplies will balance during the second part of 2023 and be in a slightly surplus during 2024.The first quarter of 2022 was another record quarter for Tesla by several measures such as revenues, vehicle deliveries, operating profit, and an operating margin of over 19%. A result that will not make Mary Barra very happy.Īnother disconnect is that GM is saying that the semiconductor shortages are improving, which I don't think is accurate. On the other side of the spectrum you have General Motors whose sales are down 20% YoY and delivered only around 400 EVs for Q1. Nickel, Aluminum and Cobalt price for instance are at record highs.Īnalysts consensus estimate compiled by FactSet was for Tesla to deliver 317,000 vehicles for Q1. On top of that, Shanghai Gigafactory had to close on March 28th because of COVID-19.Īlso to mention that for EV Vehicles the shortage of certain raw materials and their consequent increase in price will compress margins going forward. To give you an idea, for certain semiconductors the lead time is now at 100 weeks, i.e almost 2 years! The previous delivery record was set last quarter when the EV Carmaker delivered 308,000 vehicles split as followsĪn exceptional result, considering the chip shortage is getting slightly worse instead of better. Tesla delivered an all time high of over 310,000 vehicles during Q1.