First of all, it was Tesla’s best first quarter of all time, and unfortunately it could have been a historic record, if only COVID-19 had not affected the Chinese market (extended break at Tesla Gigafactory 3) , then the rest of the world.
In short, Tesla sold 88,400 cars (up to 40% year-over-year), while production 102,672 ((up to 33% Year after year). Final figures could vary up to around 0.5%.
“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.
Production Deliveries Subject to lease accounting Model S / X 15,390 12,200 16% Model 3 / Y 87,282 76,200 5% Total 102,672 88,400 seven%
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. “
Tesla Model S / X / 3 / Y deliveries (quarterly) – until the first quarter of 2020
Here’s a broader perspective, which shows how good the first quarter was. We assume that Tesla could exceed 100,000 if the circumstances did not complicate everything.
- Total: 88,400 ((up to 40% Year after year)
Deliveries by model
- Model 3 / Y: 76,200 (+ 50%, new record)
- S / X model: 12,200 (up 1%)
Besides the continued growth of model 3 (supported since March by model Y) to a new record, the S / X model also showed positive signs – sales increased by 1% (first time in 5 quarters).
Q1 2020 was Tesla’s second best quarter and almost a record. If only production did not stop, it would surely be a record.
- Total: 102,672 ((up to 33% Year after year)
Tesla produced its four models in California (model Y joined the group in January), while model 3 is also produced in China. Since the end of March, the Tesla factory has temporarily suspended production. The Gigafactory 3 in Shanghai, on the other hand, is operating at record levels.
Production by model
- Model 3 / Y: 87282 (up 38.6%, new record)
- S / X model: 15,390 (up 8.7%)
Production of the 3 / Y model was at an all time high and we could assume that between 90,000 and 100,000 would be produced in a normal situation.
Interestingly, the S / X model has also improved from year to year, for the first time in several quarters.