Tesla Delivers 241K in Q3
Oct. 5, 2021—Tesla set a company record for vehicles delivered in a single quarter during Q3, overperforming against estimates from several industry analysts.
The EV manufacturer delivered 241,300 vehicles over three months according to a report from The Detroit News, around 20,000 more than what analysts were projecting and more than 40,000 over the company's previous single-quarter record. The report said the Model 3 and Model Y accounted for a vast majority of vehicles sold.
“With the chip shortage a major overhang on the auto space and logistical issues globally these delivery numbers were “eye popping” and speaks to an EV demand trajectory that looks quite robust for Tesla heading into 4Q and 2022,” said analyst Dan Ives of Wedbush Securities in a note to clients Saturday.
Per the report, quarterly sales are one of the most closely watch performance indicators for Tesla and acts as a "barometer of consumer demand for electric vehicles."