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TSLA - Tesla Inc.

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Tesla - Posted by prs 2 months ago

In Q1 2020 Tesla produced almost 103,000 vehicles and delivered approximately 88,400 vehicles, making it Tesla's best ever first quarter performance

In the first quarter, Tesla produced almost 103,000 vehicles and delivered approximately 88,400 vehicles. This is Tesla's best ever first quarter performance.

Tesla Q1 2020 production

Model Y production started in January and deliveries began in March, significantly ahead of schedule. Additionally, Tesla's Shanghai factory continued to achieve record levels of production, despite significant setbacks.

Tesla's net income and cash flow results will be announced along with the rest of our financial performance when we announce Q1 earnings. The company's delivery count should be viewed as slightly conservative, as Tesla 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. Tesla vehicle deliveries represent only one measure of the company’s financial performance and should not be relied on as an indicator of quarterly financial results, which depend on a variety of factors, including the cost of sales, foreign exchange movements and mix of directly leased vehicles.


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