📺 Stream EntrepreneurTV for Free 📺

Tesla Reports Best-Ever First-Quarter Production and Delivery Numbers It manufactured 102,672 and delivered 88,400 vehicles in Q1 2020.

By Mariella Moon

entrepreneur daily

This story originally appeared on Engadget

Bloomberg | Getty Images

Tesla has announced a record-breaking quarter for the company when it comes to vehicle production and delivery. The automaker manufactured 102,672 and delivered 88,400 vehicles in the first quarter of 2020 ending on March 31. Tesla called these results its "best-ever first-quarter performance." It also said that its final delivery figures could be even higher, since it only counts a car as delivered if it's already transferred to the customer and all paperwork is correct.

The automaker didn't break the numbers down per model, but it said it produced 15,390 and delivered 12,200 Model S and X vehicles for the period. The bulk of its numbers came from Model 3 and Y vehicles, though. It manufactured 87,282 and delivered 76,200 units of the two models. It's worth noting that Model Y production only started in January and deliveries only began in March.

Related: Tesla Reveals the Production Version of Its Model Y

It's a great start after a breakthrough year for the company, which grew its shipments by 50 percent in 2019 and produced its millionth car in March. According to CNBC, analysts believe Tesla's numbers could be higher if not for COVID-19-related issues that slowed down production in its Fremont, California and Shanghai plants.

Mariella Moon is an associate editor at Engadget.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Starting a Business

Most People Have No Business Starting a Business. Here's What to Consider Before You Become an Entrepreneur

You need to find the right business opportunity at the right time and take the right steps to beat the odds.

Leadership

AI vs. Humanity — Why Humans Will Always Win in Content Creation

With the proliferation and integration of AI across organizations and business units, PR and marketing professionals may be tempted to lean into this new technology more than recommended.

Growing a Business

Who You Hire Matters — Here's How to Form a Team That's Built to Last

Among the many challenges related to managing a small business, hiring a quality team of employees is one of the most important. Check out this list of tips and best practices to find the best people for your business.

Leadership

Why Companies Should Prioritize Emotional Intelligence Training Alongside AI Implementation

Emotional intelligence is just as important as artificial intelligence, and we need it now more than ever.

Leadership

This Leadership Technique is the Secret to Optimal Team Performance

Through my experience in business, I've found one particular leadership technique that works better than others.