Electric Car company, Tesla (TSLA) recently reported its Q4 2020 vehicle production and deliveries that beat wall street’s expectations. Its Model Y production in Shanghai has started, with deliveries expected to begin shortly. Below is the summarized report:
Quarter 4, 2020:
Model S/X reported production of 16,097 with 18,920 deliveries and Model 3/Y with 163,660 production and 161,650 deliveries.
2020:
Model S/X reported production of 54,805 with 57,039 deliveries and Model 3/Y with 454,932 production and 442,511 deliveries.
Tesla announced that the cash flow and net income will be announced along with the rest of the financial performance with the Q4 earnings. It further announced that its vehicle deliveries represent only one measure of the company’s financial performance and do not represent quarterly financial results in any way, which depend on a variety of factors like foreign exchange movement, the cost of sales, and mix of directly leased vehicles.
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