- 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