January 23, 2021

Tesla beats expectations for third-quarter vehicle deliveries

  • Tesla reported a beat on Q3 vehicle deliveries.
  • The beat was driven by sales of its Model 3.
  • The electric-vehicle maker delivered 139,300 vehicles during the third quarter, beating estimates of 134,720.
  • Visit Business Insider’s homepage for more stories.

Tesla on Friday beat Wall Street estimates for third-quarter vehicle deliveries, driven by higher demand for its mass-produced Model 3 sedans.

The electric-car maker delivered 139,300 vehicles in the quarter, beating estimates of 134,720 vehicles, according to Refinitiv data.

Tesla delivered 124,100 units of its new Model Y sport utility vehicle and Model 3 vehicles in the period as U.S. production recovered after being suspended from the end of March to early May due to the COVID-19 lockdown.

Its total production in the quarter rose 76% to 145,036 vehicles compared to the previous three-month period.

In the days leading up to release of the company’s

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Tesla reports big jump in car deliveries in 3Q

Tesla delivered 139,300 autos in the third quarter, topping analyst estimates, according to figures released Friday by the electric car company.

Deliveries, a proxy for car sales at Elon Musk’s high-flying company, marked an increase of 43 percent from the year-ago period following the production ramp-up of the Model 3 vehicle. 

Tesla produced 128,044 of the Model 3, an increase of 60 percent from the year-ago level. Overall production was 145,036.

Ford also reported better-than-expected sales, saying it sold 551,796 vehicles in the third quarter, down 4.9 percent from the 2019 period and better than the 8.0 percent fall that had been projected by Cox Automotive.

Ford pointed to strong demand for its F-series pickup trucks and other larger vehicles.

Automakers have seen surprisingly strong demand for vehicles, fueled by low interest rates and a trend among wealthier consumers shifting funds from vacation and other discretionary items to autos.

But

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Tesla Quarterly Deliveries Hit Record As Car Maker’s Pandemic Recovery Speeds Up

Tesla Inc.


TSLA -3.21%

vehicle deliveries hit a new record in the most recent quarter, accelerating the Silicon Valley car maker’s recovery after sales slowed during the height of the pandemic.

The Palo Alto, Calif.-based company on Friday said it sold 139,300 vehicles in the quarter ended Sept. 30, slightly ahead of the 137,000 deliveries analysts surveyed by FactSet expected and 44% above the prior-year figure. The figure topped the previous high of 112,000 vehicle handovers Tesla achieved in the final quarter of 2019, the last not impacted by the pandemic.

Tesla has delivered slightly more than 318,000 vehicles over the first nine months of this year despite a temporary shutdown of its lone U.S. car plant in Fremont, Calif., as local health officials tried to halt the spread of the coronavirus. The company in January said it aimed to deliver more than 500,000 vehicles in 2020, an increase of

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Tesla reports record quarterly deliveries as factories ramps up



a man standing next to a car: FILE PHOTO: Man walks by Tesla Model 3 sedans and Tesla Model X sport utility vehicle at a new Tesla showroom in Shanghai


© Reuters/SUN YILEI
FILE PHOTO: Man walks by Tesla Model 3 sedans and Tesla Model X sport utility vehicle at a new Tesla showroom in Shanghai


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

The company slightly beat Wall Street estimates for deliveries of 134,720 vehicles, driven by higher demand for its mass-produced Model 3 sedans.

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Tesla delivered 124,100 units of its new Model Y sport utility vehicle and Model 3 vehicles in the period as U.S. production recovered after being suspended from the end of March to early May due to the COVID-19 lockdown. That was below expectations of 128,000 Model 3 and Model Y vehicles combined.

Its total production in the quarter

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