AUSTIN, Texas, April 2, 2024 – In the first quarter, the company produced over 433,000 vehicles and delivered approximately 387,000 vehicles. They deployed 4,053 MWh of energy storage products in Q1, marking the highest quarterly deployment to date. The decline in volumes was partially attributed to the early stage of the production ramp-up of the updated Model 3 at their Fremont factory, as well as factory shutdowns due to shipping diversions caused by the Red Sea conflict and an arson attack at Gigafactory Berlin.
Production and Deliveries Breakdown:
Model 3/Y: 412,376 produced, 369,783 delivered, 2% subject to operating lease accounting
Other Models: 20,995 produced, 17,027 delivered, 1% subject to operating lease accounting
Total: 433,371 produced, 386,810 delivered, 2% subject to operating lease accounting
Upcoming Financial Results Announcement:
Tesla will announce its financial results for the first quarter of 2024 after the market closes on Tuesday, April 23, 2024. The company will release a brief advisory containing a link to the Q1 2024 update, accessible on Tesla’s Investor Relations website. The Tesla management team will host a live question and answer webcast at 4:30 p.m. Central Time (5:30 p.m. Eastern Time) to discuss the company’s financial and business results and outlook.
Event Details:
What: Tesla Q1 2024 Financial Results and Q&A Webcast
When: Tuesday, April 23, 2024
Time: 4:30 p.m. Central Time / 5:30 p.m. Eastern Time
Q1 2024 Update: https://ir.tesla.com
Webcast: https://ir.tesla.com (live and replay)
Approximately two hours after the Q&A session concludes, an archived version of the webcast will be made available on the company’s website. For further information, please refer to https://ir.tesla.com.
Investor Relations Contact: ir@tesla.com
Disclaimer:
The company’s net income and cash flow results will be disclosed along with the rest of its financial performance during the Q1 earnings announcement. It should be noted that Tesla vehicle deliveries and storage deployments are only two metrics of the company’s financial performance and should not be solely relied upon as an indicator of quarterly financial results. These results are subject to various factors, including average selling price, cost of sales, foreign exchange movements, and other factors that will be detailed in the 10-Q report for the quarter ending on March 31, 2024.