CNBC Television Tesla Q3 deliveries beat Wall Street estimates Here’s how it compared to Ford and GM
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CNBC’s Phil LeBeau reports on Tesla’s delivery numbers and how it compares to numbers from Ford and General Motors. For access to live and exclusive video from CNBC subscribe to CNBC PRO:
Tesla delivered 241,300 electric vehicles during the third quarter of 2021, the company reported Saturday.
The quarter’s deliveries topped expectations. Analysts predicted that Tesla would deliver around 220,900 electric cars during this period, according to estimates compiled by StreetAccount as of September 30.
The company produced 237,823 cars in the period ending September 30, 2021, Tesla said in its report. Of that, 228,882 were its Model 3 and Y vehicles, its more affordable mid-range offerings.
The remainder produced amounted to 8,941 of its Model S and X vehicles.
Last quarter, Tesla delivered 201,250 vehicles and produced 206,421 cars, even as production of its Model S and X vehicles fell below 2,500.
“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,” the company said in a statement.
Tesla does not break out delivery numbers by model, nor does it report sales or production numbers from China versus the U.S. (Deliveries are the company’s closest approximation of vehicle sales.)
Tesla delivered 241,300 electric vehicles during the third quarter of 2021, the company reported Saturday.
The quarter’s deliveries topped expectations. Analysts predicted that Tesla would deliver around 220,900 electric cars during this period, according to estimates compiled by StreetAccount as of September 30.
The company produced 237,823 cars in the period ending September 30, 2021, Tesla said in its report. Of that, 228,882 were its Model 3 and Y vehicles, its more affordable mid-range offerings.
The remainder produced amounted to 8,941 of its Model S and X vehicles.
Last quarter, Tesla delivered 201,250 vehicles and produced 206,421 cars, even as production of its Model S and X vehicles fell below 2,500.
“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,” the company said in a statement.
Tesla does not break out delivery numbers by model, nor does it report sales or production numbers from China versus the U.S. (Deliveries are the company’s closest approximation of vehicle sales.)
Elon Musk’s electric vehicle maker now produces cars at its Shanghai plant, and U.S. factory in Fremont, California, while continuing to produce batteries domestically with Panasonic at their sprawling facility outside of Reno, Nevada.
During the period ending September 30, 2021, Tesla began to ship some lithium iron phosphate batteries from China to be used in Model 3 vehicles made for customers in the U.S.
Tesla also temporarily suspended some operations at its vehicle assembly plant in Shanghai, where it makes cars for customers in China and Europe. The halts were attributed to a global semiconductor shortage, which has posed a challenge to Tesla all year, and plagued the entire auto industry.
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