![tesla q1 deliveries 2021 tesla q1 deliveries 2021](https://www.teslarati.com/wp-content/uploads/2021/04/tesla-cyberlandr-cybertruck-modification-1024x438.jpg)
That's possible because of continued expansion at. “So, net-net, the mix in the quarter, on cars sold alone, looks set to negatively impact TSLA’s bottom-line by -$236.580mn, meaning, barring credit sales, they will likely lose money again in 1Q21,” as per Johnson.įinally, as per Johnson while Tesla’s growth potential has declined materially more competition from rivals such as Ford Motor Company (NYSE: F), Volkswagen AG (OTC: VWAGY), and General Motors Company (NYSE: GM) is expected this year. The big news is that Tesla once again managed to beat its own record for production and customer deliveries, delivering 184,877 vehicles in Q1. See Also: Tesla's $1.5B Bitcoin Investment 'A Sign Of Desperation' From Elon Musk, Says Analyst
![tesla q1 deliveries 2021 tesla q1 deliveries 2021](https://i0.wp.com/electriccarnews.com/wp-content/uploads/2021/03/B3D38A11-017E-4234-8D8F-DD61CC659B52.jpeg)
Johnson said Tesla sold 211,300 more Model 3/Y cars in the period, which means $84.52 million more in profit. On Model S/X, Johnson worked out the margin to be approximately $20,000.Įxtrapolating these numbers, he pointed out that Tesla sold 16,900 fewer Model S/X cars in Q1 2021 compared with the preceding quarter, which means it had $321.1 million less in profit. He assumed an average margin on a Model 3/Y vehicle to be nearly $4,000. The analyst finally questioned the margins that Tesla enjoys on its various vehicles and how it affects the company’s bottom line. Johnson highlighted the fact that the automaker was “barely” producing any cars in China in Q1 2020 and price cuts of approximately $8,500 for Model 3 Standard Range and $24,100 for Model Y Long Range had not yet been made. The GLJ analyst said Tesla has a growing demand problem. He said that majority of Tesla analysts are either overreacting to Tesla’s Q1 delivery numbers or misunderstanding them. Johnson said in a note that comparing Q1 2021 with the same period in 2020 is “irrelevant” and the proper comparison is rather with Q4 2020. The analyst said that GLJ had “incorrectly” cut their delivery estimates from Tesla from 188,000 to 171,600 units. The Tesla Thesis: Johnson admitted that the automaker beat GLJ’s estimates by 13,000 cars as it delivered 184,800 vehicles in the first quarter of 2021. The Tesla Analyst: Johnson maintained his Sell rating on the Elon Musk-led company’s stock and valued the shares at $67 exiting 2022. The improvement, according to Wedbush, was seen since the beginning of January with strength seen for Tesla in the months of February and March, particularly in China.įrom the point of view stocks, Ives wrote that the recent sell-off in EV shares “creates a massive buying opportunity in our opinion to own the Chinese EV players as well as the leader of the pack Tesla heading into this golden age of EVs.Tesla Inc’s (NASDAQ: TSLA) analyst-estimate-beating Q1 delivery numbers have left GLJ Research’s Gordon Johnson less than impressed. See Also: 'Biggest Risk' Facing Apple, Tesla, Other Nasdaq Stocks? US-China 'Cold Tech War,' Says Analyst “with EV consumer demand patterns that continued to improve discernibly.” The revision of the Wedbush Delivery Method is a reflection of the firm’s belief based on its checks that despite the noise and chip shortage Tesla saw strength in China and the U.S. Total automotive delivery revenue for FY 21 will be $42.7 billion compared with the previous estimate of $39.7 billion, as per Ives. Wedbush expects total deliveries in the FY 21 to be 830,000 compared with the prior estimate of 774,000 units. Ives revised the total Automotive delivery revenue to $8.79 billion from $7.67 billion.įor the second quarter of 2021, Wedbush expects Model 3/Y deliveries to be 166,000 units compared to the earlier estimated 144,000.įor the Model S/X, Wedbush expects approximately 14,000 deliveries compared with the previous estimate of nearly 13,000 units.