October 22, 2020

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.
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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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