Tesla’s Results Beat Expectations In The Third Quarter

Tesla's shipments exceed expectations in the third quarter, with 241,300 vehicles delivered

Tesla delivered 241,300 electric vehicles during the third quarter of 2021, beating Wall Street analyst expectations of 220,900 electric vehicles during the same period.

The company produced 237,823 cars during the quarter ending on September 30, noting that 228,882 of them were Model 3 and Model Y, which are considered the cheapest among its mid-range cars, while the rest of the cars numbered 8,941 of Model S and Model X.

In the last quarter, Tesla shipped 20,250 vehicles and produced approximately 206,421 vehicles, despite its Model S and Model X production dropping below 2,500 vehicles, to read more [Tesla’s Net Income Crossed $1 Billion In The Second Quarter]. It is worth noting that Tesla does not break down its shipment numbers by model nor does it compare sales and production volume between China and the United States, but rather publishes its shipment numbers, which is the closest measure of its vehicle sales around the world.

Tesla has put its customers under the pressure of frequent and unexpected delays in its shipment delivery dates over the past quarter. At its conference on Saturday, the electric vehicle maker acknowledged the delays, blaming logistical difficulties and global supply chain bottlenecks, but thanking customers for their patience.

The press release in which Tesla announced the volume of its shipments was issued from Austin, Texas, and the company’s website still specifies its headquarters in Palo Alto, California, but Tesla CEO Elon Musk, moved to Texas last year and is currently building a new factory in Austin with the aim of evading taxes. Read more [The 3 Richest People In America Are Exempt From Income Taxes].

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