“Specifically for Q1, our volumes will have the benefit of early Model Y ramp in Shanghai,” Kirkhorn said on a conference call. However, S and X production will be low due to the transition to the newly architected products. Additionally, we’re working extremely hard to manage through the global semiconductor shortage as well as port capacity, which may have a temporary impact.”
The company temporarily stopped producing cars in February, in its gigantic California factory. The “Technoking” and CEO of TSLA “Elon Musk” said that the problem was due to “parts shortages”. The halting of the production isn’t so frequent for car manufacturers.
Ironically, Wall Street is expecting that Tesla would sell over 800,000 cars this year; arguing that the new factories in Texas and Germany will push the production capacity.
Meanwhile, Wedbush Securities analyst Daniel Ives said in a Friday note that he is expecting TSLA to sell over 850,000 in 2021 since the demand for EVs is growing around the world, and President Joe Biden’s commitment to green infrastructure might also help.
