Tesla tops Q3 delivery estimates with record 497,099 vehicles

Investing.com -- Tesla shares are up around 3% premarket after the electric vehicle giant beat Wall Street forecasts for third-quarter deliveries.

According to figures released on Thursday, the company delivered a record 497,099 vehicles versus the Bloomberg-compiled consensus estimate of 439,600.

The company produced 447,450 vehicles during the quarter, slightly below Bloomberg’s estimate of 450,313 and down 4.8% year-over-year.

Deliveries, however, rose 7.4% from the same period a year earlier.

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