Tesla

  • Tesla announced that it delivered around 88,400 vehicles in Q1 2020, beating expectations of 79,900. 
  • A breakdown by model beat estimates to, and saw 76,200 Model 3 sedans and Model Y cross-over SUVs delivered. The carmaker also dropped-off 12,200 Model S and X vehicles, which are older and more expensive.
  • Analysts’ estimates had taken into account COVID-19 shutdowns at Tesla’s primary facility in Fremont, California (towards the end of March) and the suspended Shanghai operations in the first two months of the year.
  • This was the first quarter in which the company produced and delivered the Model Y. Tesla did not disclose sales or production figures of the cross-over SUV.
  • For the period ending March 31, Tesla says it manufactured over 103,000 units – comprised of 15,390 Model S and X vehicles, and 87,282 Model 3 and Model Y cars.
Tesla