Tesla (NASDAQ:TSLA) are continuing to sell, according to the latest figures.
Elon Musk’s electric-car company said Friday it delivered 139,300 vehicles in the third quarter, and produced 145,036 vehicles.
As of Wednesday, analysts expected Tesla to report deliveries of 137,000 vehicles over the last three months, according to a consensus of analysts. (Their estimates ranged from 123,000 at the low end to 147,000 at the high end.)
Deliveries are the closest approximation of sales numbers reported by Tesla. Tesla shares were down nearly 5% in pre-market trading Friday, although that could be due to a broader market selloff after President Donald Trump announced early in the morning that he tested positive for COVID-19.
Confounding some analysts, the company does not break out its delivery and production numbers by region. It also combines delivery numbers for its older Model S and Model X electric cars, and its newer Model 3 and Model Y vehicles.
In the second quarter, Tesla said it delivered 90,650 electric vehicles but produced fewer vehicles than it sold -- 87,048, mostly Model 3s.
Tesla started 2020 saying it expected to deliver at least 500,000 electric vehicles this year, and has not changed that guidance. However, in financial filings, Tesla stopped saying it would easily surpass 500,000 deliveries this year.
On September 22 at an annual stockholder meeting, Musk said vehicle deliveries would likely rise 30% to 40% versus 2019. That implies deliveries of between 477,750 and 514,500 cars in 2020, a range that encompasses Tesla’s previously stated goal to deliver half a million cars this year.
TSLA opened Friday trading down $18.43, or 4.1%, to $429.74.
Tech Insider
