Tesla delivered 241,300 vehicles globally in the July to September quarter, up 73% from a year ago.
see photosTotal production in the third quarter increased 15% from the previous quarter to 237,823 vehicles.
Tesla Inc said on Saturday it delivered record electric cars in the third quarter, beating Wall Street’s estimates after Chief Executive Elon Musk called on employees to go “super hardcore” to create a quarter-end delivery push.
Tesla has weathered the chip crisis better than rivals, with its total deliveries rising 20% in the July-September period, a sixth consecutive quarter-over-quarter gain from its previous record in the second quarter.
In China, rising exports to Europe and the introduction of a cheaper Model Y helped boost Tesla’s production, analysts said.
Musk said Tesla faced very severe parts shortages earlier in the third quarter and urged employees to push quarter-end deliveries, Reuters reported last month, citing an internal company email.
Tesla said it delivered 232,025 of its Model 3 compact cars and Model Y sport-utility vehicles
“The end of the quarter delivery wave is unusually high this time around,” he said in the email.
Tesla delivered 241,300 vehicles globally in the July to September quarter, up 73% from a year ago. According to Refinitiv data, analysts had expected deliveries of 229,242 vehicles from the electric-car maker.
General Motors, Honda and some of its bigger rivals reported declines in U.S. sales in the third quarter, driven by prolonged chip shortages. GM’s third-quarter US sales fell nearly 33% to their lowest level in more than a decade.
Tesla said it delivered 232,025 of its Model 3 compact cars and Model Y sport-utility vehicles and 9,275 of its flagship Model S and Model X cars to customers in the quarter.
Total production in the third quarter increased 15% from the previous quarter to 237,823 vehicles.
Musk said Tesla faced “extremely severe parts shortages” in the first third quarter
China
Future Fund’s portfolio manager and Tesla Bull’s Gary Black said Tesla’s deliveries were driven by record deliveries in China, which was “pacifying any perception that China’s demand is slowing.”
Tesla faces scrutiny from both regulators and the public, and increasing competition from local rivals.
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Tesla has yet to release its September China sales, and in August, its Shanghai factory exported more than two-thirds of its vehicles to Europe and Asian countries.
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