Tesla delivers record vehicles in third quarter of 2020

Tesla delivered nearly 140,000 vehicles to its customers in the third quarter. The car manufacturer has thus clearly exceeded the previous year’s figure.

Tesla Store, Santana Row, San Jose, California

While the corona pandemic is slowing the car market as a whole, Tesla continues to grow strongly. The US electric car manufacturer of star entrepreneur Elon Musk brought 139,300 vehicles to customers in the third quarter, as he announced on Friday at the company’s headquarters in Palo Alto, California.

Tesla thus set a new record and by far exceeded both the previous year’s figure of 97,000 cars and the previous quarter’s figure of 90,650. Analysts had expected around 137,000 deliveries. However, the share remained under pressure pre-trading in the negative overall market.

Tesla sales from Q1 2013 to Q3 2020 – third quarter comparison chart

With 124,100 units, the majority of deliveries were Tesla’s cheapest vehicle, Model 3, and the newer compact SUV, Model Y. With these offers, the tech billionaire Musk group is increasingly establishing itself in the mass market.

The older, larger and significantly more expensive models S and X are making less and less contribution to sales. According to its own information, Tesla produced a total of 145,036 vehicles in the third quarter. Information on the financial position will only follow later with the annual report. Tesla had last made four quarters in a row with a profit for the first time since the company was founded in 2003.

Author: Nabeel K
Email: nabeel@wheelsjoint.com


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