Tesla's 2021 numbers are in and they continue to defy expectations

Analysts say Tesla could sell as many as 850,000 vehicles in 2021 if the trend continues

Tesla is one of the few brands that managed to grow in terms of sales in 2020, despite the pandemic, having delivered 499,550 vehicles, just 450 cars shy of the proposed target of 500,000, and while other auto makers are still struggling, Tesla is still overperforming, with over 184,000 vehicles delivered in Q1 2021.

Market analysts underestimated Tesla as they initially predicted the company would deliver fewer than 180,000 vehicles which, by the way, is actually more or less the same amount of cars they sold in Q1 2020 (180,570), even though Tesla had to halt production for longer than other car makers because Alameda County, where the factory is located, maintained lockdown measures in place even after California reopened.

Wedbush analyst Dan Ives believes Tesla's upward trend is unlikely to stop because the "eye-popping delivery numbers coming out of China cannot be ignored". Furthermore, Ives believes the brand could gain even more pace thanks to Biden administration's newly-announced plan to increase EV sales thanks to incentives and subsidies.

China will continue to be a major market for the 3 and the Y, while Tesla is still building the Berlin Gigafactory and the Texas Gigafactory (in Austin) to meet demand from US and European customers.

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Comments (38)

  • What makes me constantly smile is those commentators on DriveTrible who, despite the continuing sales and popularity of Tesla cars, still insist they are a failure, some kind of con, would never try let alone buy one and any other car would be better. These same souls then get up and jump into some used, possibly modded, gas/diesel clunker, confident that they've made their mark on history. All rather sad really... possibly down to a poor education, poor parenting, both, or with added dumbness in all cases. Still, they make up the numbers I suppose?

      2 months ago
  • Why would someone buy them though, they are terrible cars and are more of a status symbol than anything. Buy a Mercedes or BMW nothing electric

      2 months ago
  • Meaning there will be even more reliability issues!

      2 months ago
  • Unpopular opinion but i like the Cybertruck.

      2 months ago
  • Great. The more they sell the less they will cost used. Then I can play with one!

      2 months ago