Categories
Model 3 Model S Model X Model Y News Quarterly Financials

Tesla again scored a record quarter, delivered 20% more vehicles in Q3 2021 vs. Q2

Advertisement

Tesla (TSLA) has yet again scored a record quarter in terms of vehicle production and deliveries. In Q3 2021, Tesla delivered a historical 241,300 electric vehicles while produced 237,823 cars.

Since Q3 2020, this is the 5th consecutive record quarter where the US-based automaker has produced and delivered more cars than the previous financial quarter. Tesla is reporting a consistent growth each Q — and this performance is making the TSLA short-sellers disappear from the Wall Street scene.

Following is the breakdown of the global Tesla car production and deliveries in Q3 2021 as reported by the automaker’s investor relations website.

 ProductionDeliveriesSubject to operating lease accounting
Model S/X8,9419,27520%
Model 3/Y228,882232,0256%
Total237,823241,3007%
Tesla Q3 2021 production and delivery numbers.
– Sponsored –

Related: Watch hundreds of Tesla Model 3 and Model Y transported on a train in Europe

The Q3 sales figures show a ~20% growth QoQ compared to the Q2 2021 figures. This can be easily attributed to an exceptional performance by the automaker.

Chart: Trend and numbers of Tesla vehicle deliveries from Q3 2020 to Q3 2021. Data source: Tesla, Inc.

Tesla has achieved this massive gain in vehicle deliveries with only two functional car production factories as of now (Fremont & Giga Shanghai).

Two Model Y factories, Giga Texas and Giga Berlin, are on the verge of completion and will be scaling up production as early as the first quarter of 2022.

Tesla, Inc. made the following announcement regarding the Q3 2021 vehicle production and deliveries on its investor relations website.

AUSTIN, Texas, October 2, 2021 – In the third quarter, we produced approximately 238,000 vehicles and delivered over 240,000 vehicles.  We would like to thank our customers for their patience as we work through global supply chain and logistics challenges.

Source: Tesla Investor Relations
Advertisement

Besides the great numbers, there is an even more interesting bit in this paragraph of text, despite mentioning Palo Alto, CA as the location of the announcement, Tesla chose to insert Austin, Texas.

Not to forget that Elon Musk moved to Texas at the end of last year because of the differences with the local county governments at the time of COVID-19 pandemic. Tesla even sued Alameda County for over the forced shutdown of the Fremont factory during the pandemic.

This tilt towards Texas might be an indicator of something deeper going on in Tesla, as Musk had once warned California that he would move Tesla HQ from the state.

Tesla is currently accepting questions at this link for the Q3 2021 Earnings Call. The questions form will be closed on October 7th.

Stay tuned for constant Tesla updates, follow us on: 
Google News | Flipboard | RSS (Feedly).

By Iqtidar Ali

Iqtidar has been writing about Tesla, Elon Musk, and EVs for more than 3 years on XAutoWorld.com, many of his articles have been republished on CleanTechnica and InsideEVs, maintains a healthy relationship with the Tesla community across the Social Media sphere. You can reach him on Twitter @IqtidarAlii

Leave a Reply

Your email address will not be published. Required fields are marked *