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Tesla Delivered 343,830 EV Units in Q3, Misses Estimates

Published 10/02/2022, 01:08 PM
Updated 10/02/2022, 01:41 PM
© Reuters. Tesla (TSLA) Delivered 343,830 EV Units in Q3, Misses Estimates

By Senad Karaahmetovic

Tesla (NASDAQ:TSLA) delivered 343,830 electric vehicles (EVs) in Q3, the company announced Sunday. During the year-ago quarter, Tesla delivered 254,695 vehicles, or growth of 35%.

Q3 deliveries were lower than expected as analysts were looking for 359,162 vehicle deliveries, according to Refinitiv. The Bloomberg consensus stood at 357,938 while estimates compiled by Street Account showed that analysts were expecting Tesla to report deliveries of 364,660 cars.

"Historically, our delivery volumes have skewed towards the end of each quarter due to regional batch building of cars," Tesla said in a statement.

"As our production volumes continue to grow, it is becoming increasingly challenging to secure vehicle transportation capacity and at a reasonable cost during these peak logistics weeks."

Tesla also said that it delivered 18,672 Model S and Model X premium vehicles during the quarter. It produced 365,923 vehicles, a 54% jump year-over-year.

 

Latest comments

Not surprised in this environment. Globe is in crisis
Fair value tesla RITE NOW is 101.78. Every single stock other than energy is grossly overvalued. No bottom untill apple is 100-105. Msft 150-175 an or the VIX above 50. Untill than. No bottom. Period.
vix 50? :D you are smoking hot
I see apple in the 80s my 120 puts for Nov been printing.
I see apple in the 80s my 120 puts for Nov been printing.
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