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Tesla registrations in California surge 85% in second quarter - data

Stock MarketsJul 15, 2021 08:05PM ET
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© Reuters. FILE PHOTO: A Tesla supercharger is shown at a charging station in Santa Clarita, California, U.S. October 2, 2019. REUTERS/Mike Blake/File Photo

(Reuters) - Tesla (NASDAQ:TSLA) Inc's vehicle registrations in California rose more than 85% in the second quarter versus last year, largely due to the success of the company's Model Y, according to data from Cross-Sell https://info.cross-sell.com/tesla-special-report-0, a research firm that collates title and registration data.

The automaker posted record vehicle deliveries for the April-to-June quarter earlier this month, as it dealt with a semiconductor shortage and relied on sales of its cheaper models.

California registrations for the Model Y, Tesla's electric crossover utility vehicle, jumped more than sevenfold to 13,581, Cross-Sell data showed on Thursday.

The focus is now on the company's second-quarter earnings report due on July 26, with investors waiting to gauge if bitcoin's recent fall would hit Tesla's bottom line, due to its exposure to the cryptocurrency's volatility.

Total second-quarter vehicle registrations in the 23 states where data was collected stood at 46,926, with Model Y accounting for more than half of the registrations.

California, a bellwether for the electric-car maker, accounted for about half of the vehicle registrations in these states with a total of 23,556 registrations, Cross-Sell data showed.

Tesla has been increasing prices for its vehicles in recent months, with billionaire boss Elon Musk in May blaming the rise on "major supply chain price pressure", especially raw materials.

Registration figures might not accurately reflect the number of vehicle deliveries during the quarter as registrations in the United States typically take about 30 days from the time of sale.

Tesla registrations in California surge 85% in second quarter - data
 

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Comments (4)
Matt Brackley
Matt Brackley Jul 15, 2021 9:27PM ET
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deliveries? how about new sales....and how much of these sales profits were already diluted by deposits which were claimed as earnings before?
Ron Love
Ron Love Jul 15, 2021 9:27PM ET
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Not true. Tesla doesnt count a sale until the new owner has taken delivery.
Ron Love
Ron Love Jul 15, 2021 9:27PM ET
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Ron Love Tesla has production numbers and delivery numbers. The sales figures apply to the deliveries.
Steven Kemp
Steven Kemp Jul 15, 2021 9:10PM ET
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cost to charge the vehicle is going up its going to cost more to charge thise cars and that doesnt even address the polition from the wnd of the life of the batteries when it comes
Ron Love
Ron Love Jul 15, 2021 8:35PM ET
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“The automaker posted record vehicle deliveries for the April-to-June quarter earlier this month, as it dealt with a semiconductor shortage and relied on sales of its cheaper models.” — Umm, yeah. Because cost of a vehichle is the #1 limiting factor. The lower the cost is then the more availible buyers there are.
Kate Davis
Kate Davis Jul 15, 2021 8:23PM ET
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Girly cars.
Darryl Allen
Darryl Allen Jul 15, 2021 8:23PM ET
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Yea super dorky.
Andy Temp
Andy Temp Jul 15, 2021 8:23PM ET
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Yeah, you'd better buy a pink Hummer.
 
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