Tesla delivered 83,500 electric vehicles in the third quarter, more than double from the previous period as the company steered by Elon Musk pulled out all the stops to get its newest sedan, the Model 3, to customers.
The company delivered 55,840 Model 3 sedans up from 18,440 in the previous quarter, which was in line within its own guidance. The company’s delivery numbers fell just short of the 56,000 deliveries expected by a consensus of analysts surveyed by FactSet.
Tesla emphasized in its report Tuesday that thousands of vehicles — 8,048 Model 3 and 3,776 Model S and X vehicles — were in transit to customers at the end of the quarter. The company is standing by its overall target of 100,000 Model S and X deliveries in 2018 remains.
Tesla produced more than 80,000 electric vehicles in the third quarter, a 50% increase from the previous quarter.
The production and delivery numbers, which were announced early Tuesday, cap off a tumultuous quarter that were plagued by Musk’s controversial “funding secured” tweet. That tweet triggered an SEC investigation and ultimately charges of securities fraud. Musk and Tesla reached a settlement with the SEC on Saturday.
Production breakdown for Q3:
- Tesla produced 53,239 Model 3 vehicles
- Tesla produced 26,903 Model S and X vehicles
- Total: 80,142
Delivery breakdown in Q3:
- 55,840 Model 3 vehicles
- 14,470 Model S
- 13,190 Model X
- Total: 83,500
from TechCrunch https://ift.tt/2IwRzrT
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