October 29, 2020

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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