In Q2 2021, Tesla (NASDAQ: TSLA) may increase deliveries by 100% compared to the same period last year. Analysts estimate that due to increased demand, the manufacturer could deliver about 200,000 vehicles in the current quarter.
Later this week, Tesla will release data on Q2 2021 deliveries, but at this point, analysts can speculate. The rise in sales in China and the United States, as well as the start of Model S Plaid deliveries, are pushing investors to expect a total delivery of around 200,000 units in the quarter.
In 2020, Tesla, although affected by the impact of the pandemic, was able to fulfill its goal of delivering 500,000 vehicles. It has been a challenging year as the company struggled to deliver on its promise to investors. In 2021, Tesla did not undertake any obligations and did not predict the number of delivered cars, however it seems that it will please with its performance.
During the Q4 2020 Earnings Call, Tesla CEO Elon Musk said the company could increase deliveries in 2021 by 50 percent or more. This would mean that Tesla could supply around 750,000 units. In Q1 2021, the manufacturer delivered a record 184,800 vehicles and looks set to improve significantly in Q2 2021.
Improving demand in China could push Tesla's total Q2 deliveries to over 200,000. "China demand is a key driver for the long term Tesla growth story and the company must play nice in the sandbox with Beijing around safety issues, otherwise it will be an impediment towards achieving its goals/targets in country," said Wedbush analyst Dan Ives, who's maintaining an 'outperform rating' with a $1,000 price target on the stock.
UBS expects total Q2 deliveries to be 195,000. The firm expects mostly Model 3 and Y deliveries, but it also includes around 5,000 refreshed Model S and X. Tesla's pace of development remains stable and cars are getting snapped up well as we approach the close of the quarter.
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Eva Fox joined Tesmanian in 2019 to cover breaking news as an automotive journalist. The main topics that she covers are clean energy and electric vehicles. As a journalist, Eva is specialized in Tesla and topics related to the work and development of the company.