Tesla (NASDAQ: TSLA) had a phenomenal 2020 with its share price climbing a whopping 759% (split-adjusted). Kicking off 2021 with
ARK’s new price target of $4,000 by 2025, investors are excited to receive Tesla Q1 2021 earnings and see if the company is well-positioned for another fantastic year. Without further delay, let’s get right into the 5 key takeaways from Tesla Q1 2021 Earnings.
Vehicle Production & Delivery Numbers
Model 3/YProductionModel S/XProductionQ1 2020Q2 2020Q3 2020Q4 2020Q1 2021050000100000150000200000
| City |
Model S/X Production |
Model 3/Y Production |
| Q1 2020 |
15,390 |
87,282 |
| Q2 2020 |
6,326 |
75,946 |
| Q3 2020 |
16,992 |
128,044 |
| Q4 2020 |
16,097 |
163,660 |
| Q1 2021 |
0 |
180,338 |
Starting off with Tesla’s vehicle production numbers, we can see that Tesla has performed very well in Q1 2021, with 180,338 Model 3/Y produced, beating last year’s 87,282. We can also see that there was 0 Model S/X produced this quarter due to the new ones rolling out so this comparison is not very meaningful....
