Tesla (TSLA) Q2 2021 car manufacturing and supply numbers

Tesla delivered 201,250 automobiles within the second quarter of 2021, the corporate reported.

The quarter’s deliveries fell barely in need of expectations. Analysts had been projecting Tesla to ship round 201,820 automobiles throughout this era, in accordance with estimates compiled by FactSet-owned as of July 2. Estimates ranged from 190,000 to 231,000 deliveries. Tesla shares had been up about 1.5% Friday morning.

Through the quarter, Tesla produced 206,421 automobiles complete, together with 204,081 of its Mannequin 3 and Y, that are its extra inexpensive mid-range automobiles. It produced 2,340 Mannequin S and X automobiles, the corporate mentioned.

The second-quarter numbers broke the earlier document set in Q1, when Tesla delivered 184,800 and produced 180,338 automobiles, at the same time as manufacturing of its Mannequin S and X automobiles fell to zero throughout that quarter.

Tesla doesn’t get away deliveries by area or mannequin, and it doesn’t report on manufacturing in China versus the U.S. The corporate is now producing Mannequin 3 and Y automobiles at its Shanghai plant and its U.S. manufacturing unit in Fremont, California.

Through the second quarter, Tesla was affected by components shortages and value will increase that plagued automakers typically. CEO Elon Musk mentioned in a tweet on Might 31 that Tesla had made some design selections partly to deal with rising prices, and mentioned value will increase on Tesla automobiles had been “attributable to main provide chain value strain industry-wide. Uncooked supplies particularly.”

The corporate additionally started deliveries of its higher-end Mannequin S electrical sedans through the second quarter. In its basic mode, Tesla held a flashy occasion at its check observe in Fremont to kick off deliveries of the 2021 Mannequin S Plaid, a tri-motor model of its flagship sedan marketed because the quickest manufacturing automobile ever made.

On June 11, Musk mentioned ought to be at a number of hundred automobiles per week quickly,” however wouldn’t be producing 1000’s of Mannequin S automobiles per week till subsequent quarter.

Through the second quarter, Tesla additionally noticed the departure of execs, together with former longtime appearing normal counsel Al Prescott in April, and each deputy normal counsel Lynn Miller and former president of automotive and heavy trucking Jerome Guillen in June.

Correction: This story was up to date to mirror the right analyst estimates for complete deliveries.

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