The electric auto maker delivered a total of 139,300 cars in the quarter – easily clearing the previous record of 112,000 cars delivered in the last three months of 2019 before the epidemic-affected production and delivery.
Tesla’s growth also surpassed other traditional auto tomakers, most of which reported lower third-quarter sales than a year earlier.
Though Tesla (TSLA) The stock closed down 7% on Friday.
Dan Ives, an analyst at Wedbash Securities, called the sale a “knee-jerk reaction”.
“As the street digests this eye-popping number, the stock should rise further in the coming days and weeks,” he wrote in a report, beating sales estimates of 136,350 cars on Wall Street.
CEO Elon Musk wrote an email to Tesla employees two weeks ago saying the company had taken shots during record deliveries and said it was important for the company to reach that goal.
Tesla recently added its first plant in China and began production of a new car, the Model Y, which is its cheapest SUV.
“We believe that China was a major source of strength in this quarter,” Ives wrote, adding that “record car sales” should be translated nicely. [earnings] third quarter vs street for the third quarter, with a profitable route upwards. “
Despite the drop on Friday, Tesla’s shares are still up nearly 400% for the year.
Third-quarter sales figures include 15,200 of the more expensive Model S and Model X cars and 124,100 of the lower priced Model 3 sedans and Model Y SUVs.
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