Tesla Reports Q3 Deliveries of 486,532 Vehicles, Exceeding Expectations
Tesla delivered 486,532 vehicles in the third quarter, surpassing Wall Street's expectations of around 461,100 units. While deliveries declined slightly from a year ago and were flat compared to Q2’s 480,126, Tesla produced 464,391 vehicles during the period. The Model Y SUV and Model 3 sedan accounted for nearly all of these deliveries. Despite strong delivery numbers, Tesla's stock has fallen by 21% year-to-date as of its latest close, underperforming other major tech stocks. Analysts note that this quarter’s performance is a tough comparison to last year’s record delivery period and the prior quarter when deliveries exceeded production significantly. Tesla also reported energy storage deployments for Q3 at 13.7 GWh using products like Megapacks and its newer Megablocks, showing growth in non-automotive segments.
Tickers: $TSLA
Topics: deliveries EV market competition production numbers Tesla