Tesla is recording real success and deservedly so as a company that has put in the work. The quarter that just ended saw the American EV maker delivering 241,300 units. The total exceeded many analysts’ expectations, who predicted Tesla would ship only 220,900 during the quarter.
Total production stood at 237,823 cars globally, suggesting Tesla shipped some units made the quarter before. Out of the total units produced, Models 3 and Y accounted for 228,882, showing overwhelming customer preference for its more affordable offerings. The remaining 8,941 consisted of Models S and X.
In comparison, during the second quarter, Tesla delivered 201,250 units while producing 20,421 units. The company explained how it gets its figures in a statement, “Our delivery count should be viewed as slightly conservative, as we only count a car as delivered if it is transferred to the customer and all paperwork is correct. Final numbers could vary by up to 0.5% or more.”
While Tesla has production facilities in China, and will soon have in Germany, it does not break down the numbers into production in each country, so there is no way to track how each plant is performing.
However, Tesla continues to do well with sales in Europe, where it has pushed forward the share of electric vehicles in the number of new cars sold in Norway.
The company acknowledged delays in deliveries during the quarter in review, blaming them on “global supply chain and logistics challenges,” and thanked its customers for keeping the faith. With this report, Tesla looks set to meet its target for increasing its production by 50 percent over last year’s performance.
The number of units produced will increase when Giga Berlin and Giga Texas come online. However, it will face increasing competition from startups like Rivian and Lucid Motors, which are duplicating many aspects of Tesla’s path to success as they try to secure a stake in the EV market.
Traditional automakers are also putting out more electric models as they transition to purely electric vehicles, with ambitious targets.