Tesla quarterly deliveries hit 200,000 mark for the first time

[July 02, 2021]  (Reuters) - Tesla Inc on Friday posted record vehicle deliveries for the second quarter that also beat Wall Street estimates, easing some worries after Chief Executive Officer Elon Musk had warned about a shortage of chips and raw materials.

Deliveries of Model S and X fell to 1,890 during the April to June period, from a meager 2,020 the preceding quarter, Tesla said. That was offset by strong sales of Model Y in China.

The company has launched Model S Plaid, a high-performance version of its Model S in June, starting at $129,990, aiming to reignite interest in the nearly decade-old sedan.

Total production in the second quarter rose about 14% to 206,421 vehicles from the first quarter.

A 2018 Tesla Model 3 electric vehicle is shown in this photo illustration taken in Cardiff, California, U.S., June 1, 2018. REUTERS/Mike Blake

Analysts had expected the electric-car maker to deliver 200,258 vehicles in the second quarter, according to Refinitiv data.

(Reporting by Akanksha Rana in Bengaluru and Hyunjoo Jin in Berkeley, Calif; Editing by Sriraj Kalluvila and Saumyadeb Chakrabarty)

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