Tesla's production record triggers course fireworks

Tesla built 102,672 vehicles over the 91 days from the start of the year to the end of March. That's a good 1,128 electric cars a day. For a first quarter, this means a new company record. 88,400 vehicles were handed over to customers in the period, which corresponds to 86 percent of production. The difference makes the company's automotive warehouse grow.

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This emerges from a publication of the company on Thursday evening. Institutional investors reacted enthusiastically to the production record that was achieved despite partial factory closures. Tesla shares went up by almost 18 percent in after-hours trading, after giving up around 6 percent in regular trading before the announcement.

After initial resentment, Tesla finally stopped producing at its California headquarters on March 21. A week later, battery partner Panasonic stopped working at the Gigafactory in Nevada. A few days later, Tesla announced it would cut its workforce at the site by three quarters.

The production volume should therefore be significantly lower in the current quarter. So the company will be able to use the additional new vehicles stored. The factory in Shanghai has been working again since February 10, after the usual Chinese New Year holidays had been extended by ten days due to the pandemic.

(Image: Tesla)

Of the 102,672 new vehicles in the first quarter, 87,282 were the cheaper Model 3 and, to a small extent, the new Model Y was not numbered. 76,200 of these two models were delivered. The remaining production of 15,390 cars is the higher-priced Model S and X, which were handed over to customers a total of 12,200 times in the three months.


. (tagsToTranslate) stock exchange (t) electric car (t) Tesla Motors (t) USA