Business

Tesla comes out of the gate strong in Q1 2021, earnings report shows

Tesla produced the most vehicles in a single quarter for the company in Q1 2021, with 180,338.

David Sickels is the Editor of The Buzz. He has a history of working in the media, marketing and automotive industries in both print and online.

Published: April 21, 2021

According to Tesla’s 2021 Q1 earnings report, the company delivered 184,800 vehicles to its customers in the first quarter of 2021 – a company record. The figure is the largest quarterly delivery by Tesla.

Tesla also produced the most vehicles in a single quarter for the company in Q1 2021, with 180,338.

“We are encouraged by the strong reception of the Model Y in China and are quickly progressing to full production capacity,” The company says. “The new Model S and Model X have also been exceptionally well-received, with the new equipment installed and tested in Q1 and we are in the early stages of ramping production.”

Lion Electric Company reduces workforce in Canada due to Zero-Emission Transit Fund delays

In addition to the workforce reduction, Lion said it continues to undertake internal measures to reduce its cost structure.

By Christian Hinton

Published: April 28, 2024

The Lion Electric Company is reducing its workforce, combined with other cost-cutting measures, aimed at further reducing its operating expenses and aligning its cost structure to current market dynamics, the company said. The workforce reduction affects approximately 120 employees, mostly those based in Canada in overhead and product development functions. The company said this measure should not negatively impact production capacity. Following this workforce reduction, Lion will have approximately 1,150 employees, including more than 600 manufacturing positions.