Use wechat scan QR code to share with friends and circle of friends_ blank" href=" https://news.163.com/news/search?keyword=%E7%89%B9%E6%96%AF%E6%8B%89 "> Tesla < / a > failed to achieve its delivery target last year, which originally caused some analysts' concerns. However, due to the strong growth of the Chinese market, the company delivered nearly 185000 vehicles in the first quarter of this year, a year-on-year increase of 109%, exceeding market expectations by nearly 20000 vehicles, setting a new record for its quarterly delivery volume. < / P > < p > with at least three securities companies increasing Tesla's target price, CEO Elon · < a target = "_ blank" href=" https://news.163.com/news/search?keyword=%E9%A9%AC%E6%96%AF%E5%85%8B "> musk < / a > is also very excited. On Monday local time, musk tweeted, "the Tesla team has done a great job! Especially Tesla China < / P > < p > on Friday, Tesla disclosed the delivery data just in time for the US stock market to be closed due to the good Friday, and the capital market was temporarily unable to respond. On Monday, Tesla opened more than 6% higher and ended up 4.43%, with a market value of 655 billion US dollars (about 4.3 trillion yuan). < / P > < p > twitter screenshot < / P > < p > < strong style = "list style: none;" > strong demand in China market < / strong > < / P > < p > in the past 2020, Tesla delivered 49955 vehicles, slightly lower than the target of delivering 500000 vehicles. In 2021, factors such as factory fire and temporary closure of production lines due to shortage of spare parts caused some analysts to worry about the delivery prospects of the company in the first quarter. < / P > < p > however, Tesla unexpectedly handed over a brilliant data, and the delivery volume in the first quarter exceeded the market expectation. This is because strong demand in the Chinese market has helped Tesla offset the global shortage of auto parts, Reuters reported. On Friday, Tesla disclosed data that in the first three months of this year, the company produced about 180000 vehicles, up 75.6% year-on-year; delivered nearly 185000 vehicles, up 109% year-on-year; this achievement was higher than the market expectation of 168000 vehicles, which also refreshed its quarterly delivery record. < / P > < p > specifically, in the delivery data of the first quarter, model 3 and model y are still the main delivery force of Tesla, with a total delivery volume of 182780 vehicles and a production volume of 180338 vehicles, accounting for 99% of the delivery volume of the first quarter. < / P > < p > in a research report on the same day, Dan ives, an analyst at wedbush, a US securities firm, pointed out that in the eyes of investors who look at Tesla, the delivery data in the first quarter is undoubtedly a "huge home run". Sales growth in China and Europe was particularly strong this quarter, he said. < / P > < p > subsequently, at least three securities companies raised Tesla's target price, of which wedbush securities was the most optimistic, raising its target price from $950 to $1000, far higher than the median target price of $712.50 of Wall Street investment banks. According to the financial report, Tesla's revenue in China in 2020 was US $6.662 billion, with a year-on-year growth of 123.6%, accounting for 21% of the total revenue. In 2018 and 2019, the company's revenue in China was US $1757 million and US $2979 million, accounting for 8.19% and 12.12% respectively. < / P > < p > screenshot of Tesla's official website < / P > < p > it is worth noting that due to the need to produce new model s and model x, Tesla upgraded its production line, resulting in zero production of model s and model X in the first quarter and only 2020 vehicles delivered, significantly lower than the previous level of more than 10000 vehicles per quarter. < / P > < p > however, Tesla said in a press release that the new model s and model x models were well received, the new production equipment was installed and tested in the first quarter, and the model s and X upgraded models are currently in the "early stage of accelerating production". < / P > < p > in January this year, Tesla began to deliver the model y made in China. Compared with the previous 488000 yuan imported products, the starting price of the model y made in China long range version was 339900 yuan, down 148100 yuan, which stimulated its sales in China. < / P > < p > according to the data of China passenger Federation, Tesla's sales volume in China in February was 18318, and the sales volume of model y was increased to 4630, nearly three times higher than that in January. According to the report, Tesla is gradually changing the pricing rules of the industry, especially the default rules of high premium for SUVs. This year, the competitive price relationship between Tesla Model y and Audi Q5, Mercedes Benz GLC and BMW X3 should be significantly reversed. The price of model y has a certain advantage, which will gain more purchasing enthusiasm of luxury car consumers. < / P > < p > Tesla also mentioned in the press release that model y made in China is warmly welcomed in China, and Shanghai Super factory is rapidly increasing production to achieve full capacity production. According to Tesla's financial report in 2020, the capacity of Shanghai Super factory model in three years can be maintained at more than 250000 vehicles. The production of model y has started at the end of 2020, and the annual capacity is expected to reach 200000 vehicles. < / P > < p > however, even though the delivery volume in the first quarter was excellent, Tesla seemed to feel a little sorry. < / P > < p > in its press release, the company hinted that production and delivery could have been more: "the fire in Fremont's factory, the temporary closure of production lines due to shortage of spare parts, and the aggravation of the shortage of auto chips that the whole industry is coping with have a negative impact on the company's production." < / P > < p > Tesla pointed out that this delivery data should be considered slightly conservative, and the final quantity may differ by as much as 0.5% or more. < / P > < p > Tesla's quarterly delivery data < / P > < p > < strong style = "list style: none;" > is facing the challenge of core shortage. < / P > < p > in fact, under the influence of the shortage of electronic components, Tesla's delivery volume in the first quarter increased by only 2.2% month on month, and its total output increased by only 0.3% month on month. < / P > < p > on February 15 this year, autoforecast solutions, a market forecasting company, raised its forecast of vehicle losses caused by chip supply. According to the report, as other auto factories and supply chains run out of chips in stock, the number may increase to 1.32 million, including 339000 in North America. Before that, they thought that global production might be reduced by 680000 vehicles, but this forecast did not include luxury car brands such as Daimler and BMW. According to the report of the Oxford Institute of economics, Ford, Fiat Chrysler, Volkswagen, GM and Honda have announced the temporary closure of their factories in the United States, Canada and Mexico in the first quarter, which will lead to a decrease of 230000 vehicles in the first quarter, accounting for 5.8%. Meanwhile, the report predicts that the shortage of chips will reduce the production of light vehicles in the European auto market by 200000, accounting for 4.1%. < / P > < p > dayLi Shaohua, Deputy Secretary General of China Association of automobile industry, said that it is not only the automobile industry, but also the consumer electronics, communication systems, medical instruments and other fields are facing the problem of chip shortage. At the same time, this imbalance between supply and demand has also led to a sharp rise in the prices of various types of chips. < / P > < p > he believes that in the short term, the problem of core shortage can not be solved by non market means. It is expected that in the next six months or even nine months, the mismatch and imbalance between supply and demand of automotive chips will continue to exist, and it is expected that it will be possible to enter a new stage of supply and demand balance in the third quarter. < / P > < p > Tesla Shanghai Super factory & nbsp; photo source: Tesla's 2020 financial report < / P > < p > affected by the price rise of chips and other parts, on March 24, Tesla raised the starting price of model y made in China to 347900 yuan, an increase of 8000 yuan, which is the first price adjustment of domestic model y since its launch in early January this year. < / P > < p > Tesla China responded that the price adjustment was mainly affected by the rising production costs of the company. < / P > < p > on the same day, Tesla raised the price of model 3 standard range upgrade version and long range full drive version by US $500 at the same time in the United States_ blank" href=" https://news.163.com/news/search?keyword=Model3 "> model 3 < / a > it's only two weeks since the last price increase of $500, which means that Tesla has increased the price of model 3 by $1000 in the United States in March. < / P > < p > for the future delivery target, Tesla once said in its 2020 financial report that in the next few years, it is expected that the delivery volume will achieve an average annual growth of 50%, but this number needs to be based on the company's operational efficiency and supply chain level. < / P > < p > Wall Street analysts believe that Tesla's delivery target this year will be between 825000 and 875000 vehicles. < / P > < p > in a earnings call in January, musk and Tesla chief financial officer Zachary kirkhorn declined to provide specific guidance on this year's delivery, but said they would provide more information in the second quarter. < / P > < p > at that time, musk said in a conference call that Tesla's delivery volume growth this year would be significantly higher than 50%, and the delivery volume would be more concentrated at the end of this year. In addition, he said Tesla will achieve L5 level < a target = "in this year_ blank" href=" https://news.163.com/news/search?keyword=%E8%87%AA%E5%8A%A8%E9%A9%BE%E9%A9%B6%E6%8A%80%E6%9C%AF "> autopilot technology < / a > is confident that the company's autopilot technology can justify its valuation. < / P > < p > according to the data disclosed by Tesla, the annual production capacity of its Fremont plant in California will be increased to 600000 vehicles, while that of its Shanghai Super plant will be increased to 450000 vehicles. This means that Tesla's production capacity has exceeded 1 million vehicles at Fremont factory and Shanghai Super factory alone.