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This statistic highlights Tesla’s Production Rate by Model, split between Model 3 and Model S/X, from 2016 onwards.
Tesla Inc. is an American automobile company. It specializes in developing, designing, manufacturing, selling, and leasing high-performance fully electric vehicles and energy generation and storage systems, and offers services related to sustainable energy products.
|Model||Q1 2020||Q2 2020||Q3 2020||Q4 2020||Q1 2021|
(All figures in actual units)
Tesla produced 0 units of its Model S/X during Q1 2021, which is a 100% decrease when compared to Q4 2020, where 18,920 units were produced. The reason for no production of Model S/X in Q1 2021 was due to the company preparing new updated versions of the Model S/X. Those updated vehicles were supposed to start dispatching in March. But the company ran into an issue with regards to retooling of its production lines in the Gigafactory Fremont, California factory where the Model X and Model S are made, thereby delaying production. Another possible reason for the production delays could be the global chip shortage.
The company produced 180,338 units of its Model 3 during Q1 2021, which is a 12% increase when compared to Q4 2020, where 161,650 units were produced. Further, there was a 106% increase when compared to Q1 2020, where 87,282 units were produced. The reason for this increase is the new plant set up in Shanghai which allowed the company to produce cars in China, which is the world’s largest EV market. This helped in increasing the exports of vehicles produced at Gigafactory Shanghai and has been effective in easing the strain on the production of Tesla vehicles.
Tesla’s total production has increased from 102,672 units in Q1 2020 to 180,338 units in Q1 2021, which is a 75% increase. The total production is expected to increase further as the company is planning to set up its Gigafactory in countries such as Norway, Germany and India which will reduce the workload of Gigafactories in Fremont and Shanghai and thus increasing the production rate.
Tesla was founded by Marc Tarpenning and Martin Eberhard, in 2003. As of 2020, the number of employees of the company worldwide was 70,000. Tesla Inc’s key managerial persons are Ellon Musk (CEO), Robyn Denholm (Chairwoman), Zach Kirkhorn(CFO), and Drew Baglino (CTO). The stocks of Tesla are listed on the New York Stock Exchange under the ticker symbol “TSLA”.The competitors of Tesla are Nio, Faraday Future, Lucid Motors, Youxia Motors, Ford, Volvo, BMW, Audi, Jaguar, Land Rover, Lincoln, Toyota, Honda, Volkswagen, and Mercedes. They deal manufacture products such as high-end electric vehicles, Powerwall, Powerpack, Megapack, Solar Roof, and Solar panels. The company is trying to expand globally by increasing the number of its vehicle service centres, mobile service mechanics, body workshops or garages, and fast-charging stations. Tesla Inc designs and manufacturers its products while keeping in mind performance, eye-catching designs, and the safety of their customers and workers.
Tesla’s product portfolio is as follows: –
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