Tesla delivered 139,300 autos within the third quarter
Tesla announced on Friday that it had delivered 139,300 vehicles and produced 145,036 vehicles in the third quarter.
According to a consensus among analysts polled by FactSet, analysts expected Tesla to report deliveries of 137,000 vehicles in the past three months in the past three months. Their estimates ranged from 123,000 at the low end to 147,000 at the high end.
Deliveries are the closest approximation of Tesla's reported sales figures. Tesla shares fell more than 5% in premarket trading on Friday, though this could be due to a wider market sell-off after President Donald Trump announced he tested positive for Covid-19.
Confused some analysts, the company is not splitting its shipments and production numbers by region. In addition, the delivery numbers of the older model S and X electric cars and the newer models 3 and Y vehicles are combined.
In the second quarter, Tesla announced it had shipped 90,650 electric vehicles, but it produced fewer vehicles than sold – 87,048, mostly Model 3.
Tesla started 2020 by announcing it would deliver at least 500,000 electric vehicles this year and has not changed those guidelines. However, in financial reports, Tesla stopped saying that it would "comfortably exceed" 500,000 deliveries that year.
At an annual general meeting on September 22, CEO Elon Musk said vehicle deliveries were expected to increase by 30% to 40% compared to 2019. That implies deliveries of 477,750 to 514,500 cars in 2020, a range that includes Tesla's previously stated goal of delivering half a million cars this year.
Just before the AGM, Musk made a cautious but encouraging comment on the third quarter. In an email to staff, he wrote, "We have achieved a record quarter for vehicle deliveries, but we are struggling to recover to achieve this. This is the highest number of vehicles per day we have ever had." deliver."
During the third quarter, Musk's electric automaker had finally gotten past Covid-19's health contracts that resulted in the U.S. vehicle assembly plant ceasing to a minimum of basic operations in the spring but still facing a slump in auto sales, which impacted new car sales worldwide.
In August, Tesla partially recovered from that slump, driven by sales in China. The company sold nearly 12,000 vehicles in China this month after previous price cuts and a ramp up production.
The Shanghai plant in Tesla has a capacity of up to 200,000 vehicles a year, Grace Tao, vice president of foreign affairs in China, said in a press briefing with Xinhua News Agency in May.
Due to possible overcapacity at the Shanghai plant, Tesla is now planning to export some of its vehicles made in China to Europe. In the past, only US-made cars were exported to Europe.
In the US, Tesla cut the price of its Model Y crossover SUV by $ 3,000 in July and canceled a cheaper, standard version of the SUV.