Tesla (TSLA) today published its delivery and production figures for the third quarter of 2021, confirming that it has again set new records.
The automaker delivered 241,300 electric vehicles in the last quarter.
Earlier this month, we reported on CEO Elon Musk, who on a company-wide phone call told his employees, “This is the craziest month of shipments Tesla (TSLA) will ever have.”
The CEO noted that production issues due to supply chain constraints resulted in Tesla delaying deliveries and requiring its service teams to add parts to the vehicles produced earlier in the quarter.
The automaker’s business model usually results in more deliveries at the end of each quarter, but those manufacturing issues made the problem even bigger this quarter.
Just a few days ago, in the last week of the quarter, Musk said that “this will be Tesla’s most intense delivery week ever.”
During these end-of-quarter shipments waves, Tesla can sometimes ship tens of thousands of vehicles that make up or break the company’s entire quarter.
Tesla Q3 2021 delivery and manufacturing results
It looks like this quarter’s wave of deliveries has been successful, as Tesla reported record deliveries of 241,300 electric cars in the third quarter of 2021.
This is a new record – above the previous year’s figure of 201,250 deliveries, which was only achieved in the previous quarter (Q2 2021).
It’s actually significantly more than Tesla produced in the third quarter, although production also hit new records:
|production||Deliveries||Subject to operating lease accounting|
|Model S / X||8,941||9,275||20%|
|Model 3 / Y||228,882||232.025||6%|
Tesla produces 237,823 vehicles compared to 206,421 vehicles in the previous quarter.
The expectations of Wall Street were high. An analyst survey found that industry observers expect an average of 222,700 vehicle deliveries from Tesla in the third quarter of 2021.
Therefore, Tesla has significantly exceeded these expectations.
Finally, Tesla is also showing a significant ramp-up in Model S production with almost 9,000 units compared to just 2,340 units in the previous quarter, when production of the new version of its flagship electric sedan had just started.
Tesla is expected to add a new Model X production to the mix this quarter.
Tesla should bring production of the new Model Y in the Gigafactory Texas and Berlin online by the end of the year.
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