Production and deliveries set new record in first quarter

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The quarterly results are now available.

Tesla has just released its sales and delivery report for the first quarter of 2020 and the numbers are now available. Find out how Tesla fared this quarter here.

Tesla released record numbers for Q1 2020. Not global records, but rather records for all of Q1. By Tesla:

In the first quarter, we produced nearly 103,000 vehicles and delivered approximately 88,400 vehicles. This is our best performance in the first quarter.

With 84,000 global deliveries of Model 3, Model S and Model X combined, Tesla has far exceeded all expectations, which were more or less in the top 70,000 range.

For the first quarter of 2020, Tesla lists deliveries of the 3 / Y model at 76,200. Meanwhile, combined deliveries of the S and X models reached 12,200.

In terms of production, Tesla says production of the 3 / Y model reached 87,282 in the first quarter, while the S and X models were 15,390 combined.

By Tesla:

Model Y production started in January and deliveries started in March, well ahead of schedule. In addition, our Shanghai plant continued to reach record production levels, despite significant setbacks.

Congratulations to Tesla on a record first quarter.

Tesla adds:

Our net results and cash flows will be announced along with the rest of our financial performance when we announce our first quarter results. Our number of deliveries should be considered slightly conservative, as we only count a car as delivered if it is transferred to the customer and all the documents are correct. Final figures can vary up to 0.5% or more. Tesla vehicle deliveries are only one measure of the company’s financial performance and should not be used as an indicator of quarterly financial results, which depend on various factors, including cost of sales, currency movements and the combination of directly leased vehicles.

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