Tesla overcame serious supply chain problems and contrasts in China to record robust deliveries of new vehicles in the second quarter, according to figures released Friday.
The U.S. electric car maker said it has lifted 201,250 vehicles in the past three months, up from the 195,000 to 200,000 that most Wall Street analysts expected, despite headwinds that included lack of parts and logistics problems that disrupted their deliveries.
Deliveries had jumped 122 percent from the same period a year earlier, when the company had been forced to close its main car plant in California in the early months of the pandemic. Tesla has always been through the worst of the Covid-19 crisis better than most car manufacturers, since demand for its vehicles has been maintained, giving a spectacular demonstration that has sent its shares eight times the last year.
The number of vehicles that Tesla managed to get into the hands of customers was less than the 206,421 produced by the automaker in the quarter, however, indicating the difficulties it had in shipping cars to customers.
Production volume jumped 151 percent from a year earlier, thanks to the boom from the pandemic, and also to the scale of the Shanghai company’s plant. But production of its Model S and X cars has only reached 2,340 as it has continued to struggle with a slow ramp-up of new models.
Despite the return in vehicle deliveries so far this year, many investors have become more mindful of the company’s prospects of increasing its annual sales to around 1m for the full 12 months. It will begin scaling production lines at new plants in Berlin and Texas, even as it continues to face serious challenges.
Elon Musk, executive director, warned in April that Tesla was suffering from serious problems in securing all the necessary parts for its vehicles, including resorting to a step to buy all available offerings of a particular standard component from electronics stores in the San Francisco area.
“Our teams have done an exceptional job navigating the global supply chain and logistical challenges,” the company said in a brief statement accompanying the figures.
Tesla has also been attacked by a series of public relations problems in the last quarter in China, which has become its second most important market. A high-level demonstration of Tesla owners complaining about their vehicles at the Shanghai auto show brought bad publicity, and local regulators also found fault with their cars.
Since the end of the quarter, Tesla has recalled almost every car it has ever produced in China to solve a problem with its autopilot program, even though it has been able to do so with a software upgrade. over-the-air.
In an apparent attempt to placate authority in China, Musk became enthusiastic on Twitter to the 100th anniversary of the Chinese Communist Party on the progress the country had made in building infrastructure, adding, “I encourage people to visit and see for themselves.”