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Promising delivery and production figures for Tesla

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Miguel A. Rodriguez
Miguel A. Rodriguez
05 duben 2021
After a good quarter, Tesla will start a collaboration with Apple

Tesla announced first-quarter 2021 vehicle production and delivery numbers. The figures beat the analysts’ expectations for 168,000 delivered vehicles, the numbers coming in at 184,800. Tesla surpassed its record of 180,570 cars set during last year’s final quarter.

Despite the promising figures, Tesla’s operations in the past quarter were impacted by temporary closures of plants due to parts shortages. Moreover, the fire at the California factory, the chip shortage that affected multiple industries, and the ongoing pandemic left their mark on Tesla’s production capacity.

Besides the Q1 results, Tesla will partner up with Apple. The latter revealed that it would use Tesla’s Megapack as its new battery-based renewable energy storage facility. Apple stated that the facility would store 240 megawatt-hours of energy, which will power over 7,000 homes for one day.

At the moment of writing, Tesla stock price is trading 7.50% higher, while Apple is up 0.27%.

Sources: theverge.com, cnbc.com

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Miguel A. Rodriguez
Miguel A. Rodriguez
financial_writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.