Tesla Q1 2020: “Best Ever First Quarter Performance” with Nearly 103,000 Vehicles Made
Tesla has announced its “best ever first quarter performance,” as its Q1 2020 saw 102,672 vehicles produced and 88,400 delivered.
The breakdown of vehicles is below:
- Production: 15,390
- Deliveries: 12,200
- Production: 87,282
- Deliveries: 76,200
Tesla says its Model Y production began in January and saw deliveries in March, “significantly ahead of schedule.”
As for the company’s Shanghai factory, it “continued to achieve record levels of production, despite significant setbacks,” namely the COVID-19 pandemic.
Tesla says “our delivery count should be viewed as slightly conservative, as we only count a car as delivered if it is transferred to the customer and all paperwork is correct. Final numbers could vary by up to 0.5% or more.”
Last month, Tesla produced its one-millionth vehicle at its Fremont, California factory, a new 2020 Model Y. While deliveries of the new Model Y are pegged for “mid-2020” in Canada, with the COVID-19 pandemic, this estimate most likely will be delayed.
Tesla’s full Q1 2020 earnings report will be released on April 22, 2020.