Tesla sent off delivery records for the quarter-to-March
quarter, beating Wall Street standards, as strong demand for less expensive
models eliminates the impact of a shortage of parts of the world.
"We are encouraged by the strong adoption of the Model
Y in China and the rapid development with full production capacity," Tesla
said in a statement.
"The new Model S and the new Model X are also very well
received ... and we are in the early stages of road production," he added.
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The Tesla factory in Shanghai started producing the Model Y
late last year in a large market where it already produces Model 3 sedans. In
February, Tesla's sales in China skyrocketed from last month as demand often
declined during the Chinese New Year holidays that month.
The manufacturer of electric vehicles delivered 184,800
vehicles worldwide in the first quarter, in addition to an average of 177,822
vehicles, according to Refinitiv data.
This also exceeds the previous record of 180,570 reached in
the last quarter.
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In February, Tesla suspended its California plant for two
days due to a "lack of parts."
"We believe China and Europe have been very strong this
quarter," said Dan Ives, an analyst at Wedbush. He expects Tesla's annual
sales to exceed 850,000 vehicles this year, boosting Biden's policy of
increasing EV sales and increasing global demand.
Tesla delivered 182,780 Model 3 / Ys in the first quarter,
up 13 percent from the previous quarter. In contrast, the delivery of pricier S
/ Xs dropped from 18,920 to 2,020 during this period, before the model update.
Gerber Kawasaki's chief executive officer, Ross Gerber, said
a drop in luxury car sales would lead to Tesla weakening in the first quarter,
but predicted "explosive" results in the second quarter.
Some car manufacturers such as General Motors on Thursday
reported a change in sales for the first quarter of the U.S. Since the
coronavirus decline last year, but volumes were set by a global chip shortage
that has forced many companies to reduce production.
Tesla has been the most important car company in the world
to date, except for partial production such as Toyota Motor Corp, Volkswagen
AG, and GM.
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