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Tesla Q3 2021 Vehicle Production and Deliveries

91 points| bald | 4 years ago |ir.tesla.com

88 comments

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hn_throwaway_99|4 years ago

Wow, didn't realize there was such a discrepancy between Model 3/Y volume and Model S/X volume. I expected it to be substantial but not a 25x difference.

judge2020|4 years ago

Before the S/X refresh which started around December 24 2020[0], they had ~16k S/X in q3 and q4 2020[1]. Retooling for the refresh was supposedly going to last only a month, but it turned into them only producing Model S cars starting in June and X orders still have no delivery date[2].

0: https://insideevs.com/news/460036/tesla-shut-down-model-s-x-...

1: https://tesla-cdn.thron.com/static/1LRLZK_2020_Q4_Quarterly_...

2: https://twitter.com/DirtyTesla/status/1443543167098359813

hesdeadjim|4 years ago

I mean, a Model X with some options hits $110k quick. A fully kitted long range Y is about $65k. That latter number is a lot still, but way, way, way closer in the range of what an above average income earner can afford.

There is also the absurdity of spending $100k+ on an asset that depreciates so heavily. My spouse and I make enough money to afford this car without much thought, but there isn’t a chance in hell I’d light that much money on fire.

purple_ferret|4 years ago

They pulled the Model S Plaid Plus, so I'm sure some cancelled orders

terafo|4 years ago

For reference: they did 139k in Q3 2020 and 184k in Q1 2021. That's pretty nice growth, but still much less than any major car company.

maxharris|4 years ago

These numbers do not include Giga Texas or Giga Berlin, both of which are nearing completion. Each of these factories are estimated to ramp to 500k vehicles/year in the first phase (going far higher in the years to follow). Giga Texas alone has around 8 million square feet of factory space, whereas GM has around 33.9 million square feet factory space, dedicated purely to ICE vehicle production, in its 10 US factories.

I expect that around 900k Teslas will be produced and sold in 2021. The new factories easily bring that up to something around 1.8m-2m in 2022.

At present, Toyota produces something on the order of 10m gasoline vehicles per year, and roughly zero EVs.

sidcool|4 years ago

Considering they are a new company on a manufacturing time scale, it's pretty impressive.

tonyedgecombe|4 years ago

A few more years at that growth rate and they will pass BMW.

ecpottinger|4 years ago

What other company has that percentage growth in sales?

p49k|4 years ago

Average price per vehicle is much higher than other brands. In terms of revenue in dollars, It seems they are on track to surpass Nissan next year, no?

thesis|4 years ago

Isn’t this even more impressive with the current chip shortage affecting every other car manufacturer on the planet?

therouwboat|4 years ago

Other manufacturers also make a lot more cars.

oxplot|4 years ago

Not sure where I read this but Tesla seems to rely a lot more on software than specialized chips so they can swap them out for another one that's available, with lot less effort than other manufacturers.

6gvONxR4sf7o|4 years ago

For reference (because if you’re like me you have no scale for this), this is about 10% of what Toyota does, which is way closer than I’d expected.

sidcool|4 years ago

This is a blowout quarter. They are well on their way to sell maximum cars this year in their history.

seoaeu|4 years ago

Doesn't their stock valuation count on basically every year being better than the last for a long time to come?

smoldesu|4 years ago

The other day I heard someone say that Rivian intends to deliver 40,000 vehicles next year, total. Musk runs his mouth on a lot of stuff, but it's pretty hard to knock his manufacturing when he's got a 20x lead on the competition. Hell, I was blown away by how quickly Starlink went from concept to reality, but figures like these really help put the scale into perspective. It's like capitalism down to a science, for better and worse.

NikolaNovak|4 years ago

Not to disagree,but for different perspective

1. How long has Tesla been manufacturing vs Rivian

2. How does Tesla compare to Toyota

I feel it's all apples and oranges both ways. They're all in different manufacturing maturity place

CyberRage|4 years ago

It's far far worse. Tesla is probably the only company in the world that produces\designs its own batteries, motors and electronics.

Most "competitors" are just buying batteries\electronics from a vendor and shoving it in.

Tesla partnered with Panasonic and created their own custom modules(2170), now they plan to do everything with the newly announced 4680(from raw materials to products).

They are truly unmatched.