Promising delivery and production figures for Tesla

By: Miguel A. Rodriguez

14:04, 05 April 2021

1617620540.png
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

Share this article

The information presented herein is prepared by CAPEX.com/eu and does not intend to constitute Investment Advice. The information herein is provided as a general marketing communication for information purposes only and as such it has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is not subject to any prohibition on dealing ahead of the dissemination of investment research.                                                                                                                            Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience, or current financial situation.Therefore, Key Way Investments Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance and forecasts are not reliable indicators of future results.