Tesla (NASDAQ: TSLA) has demonstrated excellent production and delivery performance in Q2 2021. Having increased their number by 122% compared to the same period a year earlier, the company confirmed that its development and acceleration of delivery growth continues. Loup Ventures believe that the combination of consumer readiness for electric vehicles and Tesla's winning formula for performance and vehicle value is the perfect match.
Loup Ventures point out that Tesla's Q2 deliveries are further evidence of real growth. In their opinion, the company appears to be in the slope portion of its growth S-curve and the reason for this is a “combination of consumer willingness to purchase EVs, along with Tesla's winning formula of vehicle performance and value.” Tesla delivered 201,250 vehicles in Q2, a record for the company. Most importantly, this reflects a 122% y/y rise. The company's analysts emphasize that “a signature signal of a growth company is an acceleration in growth,” which is rare. That is why, when such a dynamic emerges, it deserves attention.
Tesla delivered 386,000 vehicles in the first half of 2021. The Street expects 853,000 deliveries in 2021, which means the company has already gone 45% of the way. At the same time, as a rule, the company delivers 55-59% of vehicles during the latter half of the year, which means that Tesla plans to deliver between 850K and 900K vehicles this year.
Loup Ventures notes that the 122% growth is impressive given that there were a lot of headwinds in Q2. All automakers continue to face chip shortages that are stalling production. Also, for the second quarter in a row, Tesla has low deliveries of Model S and X. By comparison, deliveries of these models are typically around 15,000 per quarter. The firm expects S and X deliveries to resume in Q3.
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About the Author
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.