Tesla delivers over 200,000 vehicles in 2nd quarter despite chip shortage

Tesla delivered 201,250 electric vehicles in the second quarter, just a bit short of Wall Street estimates of 207,000 vehicles, despite a global computer chip shortage that hobbled the auto industry.

The sales figures surpassed first-quarter sales of 185,000 and put Tesla towards doubling last year's annual deliveries of close to 500,000.

The number of deliveries could vary by up to 0.5 percent or more as Tesla only counts deliveries already transferred to the customer with the correct paperwork.

Sales in the second quarter more than doubled from April to June last year when Tesla and other automakers were forced to close factories for much of the quarter due to the pandemic.

Models 3 and Y were the most popular with Tesla selling 199,360 units of those in the second quarter. It was followed by Models S and X with 1,890 delivered.

The Palo Alto, California-based carmaker produced 206,421 vehicles for the quarter, including 2,340 of the Models S and X.

Wedbush analyst Daniel Ives wrote that 195,000 Model 3 and Y deliveries could give Tesla the potential to hit 900,000 in annual sales this year.