Tesla announced higher shipments of its electric vehicles in the second quarter of 2021 than in the first quarter, growing by 122% year-on-year, but fell short of analyst average forecasts.
Tesla (TSLA) today announced strong figures for the global supply of its electric vehicles, but they were slightly below expectations of Wall Street analysts.
Tesla’s sales (with actual delivery to customers) in the three months to June totaled 201,250, with market average forecasts of 207,000 vehicles (estimates ranged from 195,000 to 231,000).
This figure is higher than 184,800 vehicles delivered by Tesla in the first quarter and 122% higher than 90,650 vehicles delivered in the crisis second quarter of 2020.
Tesla’s management does not provide detailed information on sales by region (USA, Canada, Europe, China) and combines sales of the more expensive Model S with Model X and the more mainstream Model 3 and Model Y.
The total of Tesla cars produced in the second quarter was 206,421 units.
In a press release, Tesla wrote about the “outstanding work” of the company’s team in the past quarter as they “overcome the challenges of the global supply chain and logistics.”
CEO Elon Musk said on May 31 on Twitter that Tesla has made some design decisions, in part to deal with rising costs, and said that the rise in prices for Tesla cars was “due to significant price pressure in the industry’s supply chain.”
Similar problems have affected other American automakers, as General Motors (GM) announced a day earlier. Ford (F) is also due to report its quarterly deliveries today.
Tesla shares declined in early trading on Friday amid the news.
Shares in the electric vehicle market leader have plunged nearly 4% since the start of the year, with the stock decline over the past week likely due to the crash of the recently unveiled 2021 Tesla Model S Plaid flagship sedan.