Tesla reports record deliveries in Q3 amid increased production

Tesla reports record deliveries in Q3 amid increased production

Tesla reports record deliveries in Q3 amid increased production

(Reuters) – Tesla Inc on Friday said it delivered 139,300 vehicles in the third quarter, a new quarterly record for an electric vehicle maker. The company is ramping up production at plants in California and Shanghai and is working on plans to build two additional plants.

Wall Street analysts had forecast shipments of 134,720 vehicles, according to Refinitiv data.

The rise was also boosted by stronger demand for Model 3 sedans. Tesla delivered 124,100 Model Y crossovers and Model 3 sedans during the reporting period, amid a recovery in US production following a pandemic suspension from late March to early May. Analysts on average had expected this figure to be 128,000.

Total production for the quarter rose 76% qoq to 145,036 vehicles.

(Akanksha Rana in Bangalore and Tina Bellon in New York. Translated by Elizaveta Zhuravleva.)

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