Tesla (NASDAQ:TSLA) reported Saturday that it delivered some 310,000 vehicles during Q1 – a record number of shipments, but a level that slightly trailed analyst forecasts.
The electric-vehicle maker said it delivered 310,048 cars during the latest quarter, up 67.8% from 184,800 vehicles shipped in the same period last year. Shipments also rose about 0.5% from Q4, when the company delivered its previous record of 308,600 vehicles.
Still, the latest period's shipments trailed analysts' reported consensus estimate of 317,000 vehicles.
Analysts had predicted the computer-chip shortage that's currently hitting automakers the world over would hurt TSLA's Q1 output. However, the company said in a statement Saturday that it managed to ship the number of cars it did "despite ongoing supply-chain challenges and factory shutdowns."
Tesla (TSLA) added that shipments during the latest period consisted of about 295,300 Model 3 and Y vehicles, as well as 14,700 Model S and X cars.
Additionally, TSLA reported that actually built 305,407 vehicles during the latest quarter. That's down slightly from the 305,840 cars that Tesla (TSLA) produced in Q4, but up 69.4% from the 180,338 units the firm churned out in the same period last year.
Tesla also disclosed Saturday that it will release Q1 earnings on April 20 after the market closes. The company said executives will host a live Webcast at 5:30 p.m. ET that day to discuss the company's quarterly results.
Seeking Alpha contributors have mixed views on where the automaker's stock is heading. Columnist James Hanshaw recently laid out a "Strong Sell" thesis for the stock, while fellow contributor Pearl Gray Equity and Research argued that TSLA is a buy.