Tesla Delivers Another Record Quarter, Q2, 2021
We have just received the report that Tesla delivered over 200,000 vehicles for Q2, 2021, despite many challenges. This is a significant milestone considering that Tesla delivered less than half of this just a year ago.
Congrats Tesla Team on over 200,000 car built & delivered in Q2, despite many challenges!!
— Elon Musk (@elonmusk) July 2, 2021
Another Record Quarter
Tesla grew over 100% from the prior quarter (Q2, 2020), due to last year having a pandemic with a delivery of 201,250. But Tesla has also expanded its manufacturing, improving many aspects of it, including using large die casting machines to make their cars similar to toy cars. This is just the beginning of improvements that will continue to come for Tesla.
For Tesla to keep having more record quarters, they will need to keep improving manufacturing, get Giga Berlin and Giga Austin (TX) online and running, expand on all its Giga factories, and make sure they have no shortages of parts, chips, etc...
To put Tesla's record delivery quarter in perspective, let's look at the history of Tesla deliveries in Q2 each year to the past when there were no deliveries. The growth is accelerating:
Tesla deliveries in second quarter:
2021: 201,250 vehicles
2020: 90,891 vehicles
2019: 95,356 vehicles
2018: 40,740 vehicles
2017: 22,000 vehicles
2016: 14,370 vehicles
2015: 11,532 vehicles
2014: 7,579 vehicles
2013: 5,150 vehicles
2012: 12 vehicles
2011: 0 vehicles
— Jon Erlichman (@JonErlichman) July 2, 2021
It's very clear that Tesla is growing fast and that from 2019-2020 the growth was halted in large part due to the pandemic and things being shut down. I predicted 209,000 vehicles, which was 4.6% off. I'll do another prediction when Q3 comes around.
Forecasting the Future
With deliveries over 201,000, what will Tesla deliver in the future in Q2 of 2022? I'm going to predict that Tesla will grow at a 50% rate and deliver 302,000 vehicles in Q2 of 2022. Let's come back to this story at that time and see how accurate I am.
I'm confident that the Model Y will be a big part of Tesla's growth in the coming quarters. It currently is Tesla's most in demand vehicle and Model Y growth is accelerating quarter by quarter.
Tesla continues to have record breaking quarters and doesn't seem to show any signs of slowing. Will there be a quarter in the future that Tesla doesn't show growth from the prior year? When will that be?