Tesla Announces Date for Q1 2021 Financial Results in Period of Record-Shattering Production & Delivery

Eva Fox by Eva Fox April 09, 2021

Tesla Announces Date for Q1 2021 Financial Results in Period of Record-Shattering Production & Delivery

PALO ALTO, Calif., April 9, 2021 – Tesla (NASDAQ: TSLA) will post its financial results for Q1 2021 after market close on Monday, April 26, 2021. At that time, Tesla will issue a brief advisory containing a link to the Q1 2021 update, which will be available on Tesla’s Investor Relations website. Tesla management will hold a live question and answer webcast that day at 2:30 p.m. Pacific Time (5:30 p.m. Eastern Time) to discuss the Company’s financial and business results and outlook.

What: Date of Tesla Q1 2021 Financial Results and Q&A Webcast
When: Monday, April 26, 2021
Time: 2:30 p.m. Pacific Time / 5:30 p.m. Eastern Time
Q1 2021 Updatehttp://ir.tesla.com
Webcasthttp://ir.tesla.com (live and replay)

Approximately two hours after the Q&A session, an archived version of the webcast will be available on the Company’s website.

For additional information, please visit http://ir.tesla.com.

Investor Relations Contact:
http://ir.tesla.com

On April 2, Tesla published production and delivery results for Q1 2021, which were even higher than in Q4 2020. This is an unprecedented result, reflecting the tireless work of Tesla's team and the strategically well-thought-out roadmap for the company.

In Q1, Tesla produced 180,338 vehicles and delivered a record 184,800 units, reflecting an increase of 2.34% compared with Q4 2020. Previously, the company was unable to exceed in a Q1 the number of deliveries made in the Q4 just prior. However, this situation has now changed. Thanks to Tesla's new factory in China, which is constantly increasing production capacity and expanding, the increase in the number of cars produced and delivered continues to grow steadily. With the start of production at Giga Berlin and Giga Texas, the steady increase in figures from quarter to quarter will be even more stunning.

In Q1 2021, Tesla delivered 2,020 Model S and X, reflecting the slowdown in production due to the commissioning of new equipment and production processes in preparation for the updated Model S and X, as well as their Plaid versions. However, the production figures of Model 3 and Y more than compensated for this. Impressively, Tesla produced 180,338 Model 3/Y and delivered 182,780 units.

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Article edited by @SmokeyShorts, you can follow him on Twitter





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