Tesla (TSLA) has announced its third-quarter delivery and production results – confirming that it delivered record electric cars.
Expectations were kind of everywhere this quarter.
A few weeks ago, Wall Street consensus from Tesla analysts was only 120,000 deliveries, but expectations of about 140,000 deliveries in the last week of the quarter have been raised.
Today, Tesla announced its delivery and production results, confirming the production of 145,000 vehicles and the delivery of about 140,000 vehicles.
Tesla is still breaking delivery and production between Model S / X and Model 3 / Y instead of every vehicle program like most other auto tomers:
| Product | Delivery | The subject of accounting rental | |
| Model S / X | Held at 16,992 | 15,200 | 13% |
| Model 3 / Y | Held at 128,044 | Held at 124,100 | 7% |
| Total | Held at 145,036 | Held at 139,300 | 7% |
The total number of deliveries is a huge quarter-to-quarter jump compared to the 90,000 vehicles Tesla delivered last quarter.
It also sets a new all-time delivery record for Tesla – beating its Q2 2019 delivery of 112,000 electric vehicles.
Production also increased to 82,000 vehicles in the last quarter as the impact of the frame factory closure is still affecting production capacity.
Tesla has now fully recovered its production capacity from the pre-epidemic and is adding a little more.
In its quarterly delivery and production number release, Tesla cannot break the product by factory, but the information should be released during its Q3 earnings later this month.
Tesla also confirmed that new vehicle inventory declined in terms of sales days in the previous quarter:
“In terms of sales days, new vehicle inventory declined further in Q3 as we continue to improve our delivery efficiency.”
Tesla’s stock (TSLA) is down 1% in pre-market trading, but it can’t really be attributed to the delivery results as it was previously down 5% on news of a broader market decline on news tested by President Donald Trump. Positive for COVID-19.
Take the electric
This is a really impressive result, especially compared to the performance of other auto tomers.
While the auto toe industry is recovering significantly faster from the epidemic, there is no other auto tomer like Tesla that is not only recovering, but also significantly increasing sales.
Tesla delivered 97,000 vehicles in Q3 2019. This is a 43 year-over-year growth. Incredible ..
It now seems like the correct way to interpret Elon’s email is that the record delivery of the quarter was received 10 days before the end of the quarter and then congratulations to Tesla employees meant that the target was achieved last week.
As we noted earlier this week, Tesla has achieved record delivery volume during its quarter-end push.
It looks like Tesla managed to add કાર 27,000 to the car with 4 or 5 days of delivery and a new record speed of daily delivery.
This isn’t really the first time Tesla has had to deliver ,000 30,000 cars at the end of its quarter, but in this case, it looks like Tesla may have delivered 60,000 cars during the last 2 weeks of the quarter.
I can’t wait to get more data from Europe and China for September to get a good idea of how it went.
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