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Episode 325: Q3 Earnings Call Recap and Analysis
Ride the Lightning: Tesla Motors Unofficial Podcast
Achieving a High Production Run Rate in Q1
We deliver just over 200 and forty thousand cars, 20 % higher than last quarter. The increase in production rate has primarily been driven by further ramping of the model y at our shanghai factory. It will take a bit more time to get this programme back to prior volumes, but based on demand, we are targeting to ex exceed historical production levels. We were also able to achieve an annualized production run rate of over one million cars towards the end of the quarter. Financially, our auto gross margins reached 30 point five% on a gap basis, and just under 29%. This is our strongest yet.
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