Tesla Had The Best Ever Q1 Performance, Total Production 102K and Deliveries 88,400 Units

Tesla just released the Q1 2020 production and delivery numbers, here is the breakdown:

Production 

Model 3 and Y total 87,282 units

Model S and X total 15,390 units

Total: 102,672 units

33% YoY growth

Delivery

Model 3 and Y total 76,200 units

Model S and X total 12,200 units

Total: 88,400 units

40% YoY growth

As the company mentioned in the report, Model Y production started in Jan 2020 and deliveries began in March of 2020

Tesla Stock nearly 9% higher after Q1 delivery and production numbers announcement. 

From the official Tesla Q1 2020 Vehicle Production and Deliveries Announcement: 

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

Our net income and cash flow results will be announced along with the rest of our financial performance when we announce Q1 earnings. Our delivery count should be viewed as slightly conservative, as we 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."

Tesla Q1 2020 Vehicle Production & Deliveries

Image credit: observer.com