American automaker Elona Musk, Tesla, reported in its quarterly sales of 184,800 electric vehicles in the first three months of the year, more than double the number of electric vehicles sold in the first quarter of 2020. In addition, this figure exceeded forecasts by Wall Street analysts, who had expected 168,000 electric vehicles to be sold.
At the same time, sales were practically not affected by the downtime of the plant in Fremont (California) for several weeks in February and March, which may be due to a shortage of semiconductors. Because of this issue, several major automakers including Volkswagen, General Motors, Honda, Toyota, Fiat Chrysler and Ford have reported cutting or stopping production since the beginning of the year.
Commenting on the sales figures, Tesla noted strong demand for Model Y in China, as well as significant interest in Model S and Model X. “We are encouraged by the strong perception of Model Y in China and are rapidly reaching full production capacity,” says Tesla's statement.
Tesla remains the most valuable car company in the world today, despite the fact that it produces only a small fraction of competitors such as Toyota Motor Corp, Volkswagen AG and GM. The company's shares have declined 9.3% since the beginning of the year.