Economy News Shares Technology

Tesla delivers more than 200,000 units for the first time

Sponsored

Tesla set a record for the first time in its history by shipping more than 200,000 cars in the last quarter, despite ongoing controversy over quality.

Tesla
Tesla has shipped more than 200,000 cars on a quarterly basis for the first time.

The Auto Shipping Statistics announcement by Tesla said it shipped 201,250 vehicles in the second quarter (local time) according to overseas media including CNBC.

The company crossed this new milestone despite continued quality issues such as a large-scale recall due to rapid acceleration in China and lower production due to a semiconductor shortage.

The scale, however, was slightly below the market forecast.

Factually, analysts were expecting 201,820 units. Forecasts ranged between 190,000 and 232,000.

The milestone boosted the stock by 1.5% in the morning, but the gain has narrowed since then, rising by 0.06%. afternoon, trading at the $ 678 level.

Tesla co-founder and CEO Elon Musk tweeted: “Congratulations to the Tesla team, who have built and shipped over 200,000 units despite many challenges.”

Tesla produced 206,421 vehicles in the second quarter. Model 3 sedans and Model Y sport utility vehicles (SUVs) accounted for most of the production, registering 204,081 units.

Additionally, 2,340 Model S sedans and Model X SUVs, which were discontinued in the first quarter due to updates, were produced in the second quarter.

In the first quarter, Tesla produced 183.38 units and shipped 184,800 units, including Model S and X inventory.

The statistics do not include Tesla’s breakdown of the size and distribution of shipments by region, or the level of manufacturing in China and the United States.

Tesla produces its flagship Model 3 and Model Y vehicles in Fremont, California, and Shanghai, China.

For MetaNews.

Sponsored
Avatar

Jonathan Hobbs

Jonathan Hobbs is an Australian investor and author that trades on a variety of asset classes, including currencies, equities, and commodities. Jonathan’s experience as a macro trader leverages his unique writing style to combine important elements, such as technical analysis and news. The other elements that he brings into his unique writing styles are foundation analysis aimed at rational equilibrium values, evaluating the sizes and motivations of buyers and sellers, as well as identifying the needs of the buyers and sellers in the individual markets. Jonathan is committed to quality writing for new traders as well as veterans.

Related Posts