Electric vehicle leader Tesla Inc (NASDAQ: TSLA) reported third-quarter delivery and production figures on Oct. 2, 2023.
With the latest report, here is a look at how many vehicles Tesla delivered and produced in each quarter dating back to 2019.
In the third quarter, Tesla delivered 435,059 units, which was down from the 466,140 units delivered in the second quarter.
The Model 3 and Model Y represented 419,074 deliveries in the quarter, with the Model S and Model X making up 15,985 units of the delivery count for the quarter.
Tesla produced 430,488 units in the third quarter, which was down from 479,700 units produced in the second quarter.
The Model 3 and Model Y represented 416,800 units of production in the quarter, with the Model S and Model X making up 13,668 units produced for the quarter.
Third-quarter totals came in below analysts’ estimates. Tesla said the lower quarter-over-quarter figures were due to planned downtimes at factories.
The company said it remained on track to hit a goal of 1.8 million vehicles delivered in 2023.
A quick look at the figures showed prior to the third quarter, production increased in each sequential quarter with the exception of two quarters in 2020 during the COVID-19 pandemic with lockdowns and factory restrictions, as well as the first and second quarters of 2022, which were also affected by COVID-19 lockdowns in China.
The latest quarterly report is now added to the list of quarters that saw a quarter-over-quarter decline.
The production total in the third quarter was the company’s lowest since the third quarter of the prior year, ranking lower than the previous three quarters.
During its first-quarter financial results, Tesla said it remained on course to meet its goal of production increasing an average of 50% annually.
“We are planning to grow production as quickly as possible in alignment with the 50% CAGR target we began guiding to in early 2021. In some years we may grow faster and some we may grow slower, depending on a number of factors. For 2023, we expect to remain ahead of the long-term 50% CAGR with around 1.8 million cars for the year,” the company said.
Produced in association with Benzinga
