Tesla (TSLA) Delivers Over 240K Vehicles in Q3, Beating Street

October 2, 2021 11:45 AM EDT

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Tesla (NASDAQ: TSLA) announced that in the third quarter they produced approximately 238,000 vehicles and delivered over 240,000 vehicles. Wall Street was expecting around 220,000 deliveries.

"We would like to thank our customers for their patience as we work through global supply chain and logistics challenges," the company stated.

The company added:

"Our net income and cash flow results will be announced along with the rest of our financial performance when we announce Q3 earnings. 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. Tesla vehicle deliveries represent only one measure of the company’s financial performance and should not be relied on as an indicator of quarterly financial results, which depend on a variety of factors, including the cost of sales, foreign exchange movements and mix of directly leased vehicles."

Production

Deliveries

Subject to operating lease accounting

Model S/X

8,941

9,275

20%

Model 3/Y

228,882

232,025

6%

Total

237,823

241,300

7%

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