Story
In the third quarter, Tesla shipped 139,300 cars, shattering the previous high.
Tesla said Friday, it was able to produce 139,300 vehicles in the last quarter, shattering its previous delivery record of 112,000 cars. It was also marginally higher than Wall Street 's estimates of 137,000 vehicles for the year. The company announced that it manufactured a total of 145,036 vehicles during the same period.
This was Tesla's third consecutive quarter with better-than - expected distribution figures. The company delivered 88,400 vehicles in Q1 of 2020, down from the fourth quarter of 2019, when Tesla shipped nearly 112,000 vehicles. And it shipped out 90,650 vehicles in Q2, amid the fact that its plant in Fremont , California, was partly shut down due to the coronavirus pandemic. Tesla said that it supplied 124,100 of its Models 3 and Y vehicles and 15,200 of its Models S and X vehicles.
Tesla said it plans to manufacture 500,000 vehicles in 2020 or a 36% rise over 2019. To date, however, the firm has only shipped 318,350 cars to buyers, which means that a fourth quarter of 181,650 deliveries will be required to achieve the target.
The distribution figures were reported a week after Tesla's battery day, when CEO Elon Musk announced the company's intentions to produce its own batteries, mine its own raw materials, and reduce the cost of manufacturing in hopes of creating a $25,000 electric vehicle. The company's shares fell after the incident, based on Musk 's predictions that all of these gains were still years away.
Tesla's share price plummeted further on Friday in the wake of a wider market selling on reports that President Donald Trump had tested positive for COVID-19.
