Categories AlphaGraphs, LATEST

Tesla reports Q3 vehicle production and delivery numbers

Tesla (TSLA) delivered 83,500 vehicles and produced 80,142 vehicles during the third quarter ended September 30, 2018, the company announced on Tuesday. After CEO Elon Musk and Tesla agreed to SEC’s conditions on Saturday, shares of Tesla rose 17.35% to $310.70 during Monday’s regular trading session.

The stock, which was up about 1% before the bell on Tuesday, turned to the negative territory during the first hour of trading, dragged down by the tariff rates in China.

Tesla delivers 83,500 vehicles and produces 80,142 vehicles

Q3 deliveries totaled 83,500 vehicles, which include 55,840 Model 3; 14,470 Model S; and 13,190 Model X vehicles. In the third quarter alone, the company delivered more than 80% of the vehicles delivered in the whole of 2017.

Model 3 deliveries in the three-month period were restricted to higher-priced variants, cash/loan transactions, and North American customers only. Tesla plans to increase the Model 3 deliveries by introducing leasing, standard battery and other lower-priced variants of the car, and by starting worldwide deliveries.

The US/China trade war caused an import tariff rate of 40% on Tesla vehicles compared to 15% for other imported cars in China. To compete in China, which has got a huge potential for electric vehicles, Tesla plans to spur its Shanghai factory construction.

Production in the recently ended quarter increased 50% to 80,142 vehicles compared with June quarter. The company produced 53,239 Model 3, and 26,903 Model S and X vehicles in the September quarter. Model 3 production met Tesla’s guidance and rose 86% compared to the second quarter. Model S and X vehicles were a tad higher than Q2 and matched with the company’s full-year outlook.

Elon Musk Q3 Tesla deliveries productionThe company transitioned to more dual motor drives than rear wheel drive cars in the third quarter. In the final week of the September quarter, Tesla produced over 5,300 Model 3 vehicles. Before the quarter ended, Elon Musk tweeted about the higher volume and deliveries achieved in the quarter and thanked Tesla supporters.

The automaker plans to continue to expand direct deliveries to customers at their home or office, a service that it launched in Q3. Tesla added that its overall target of 100,000 Model S and X deliveries in 2018 remains unchanged.

Tesla soars amid SEC settlement and production optimism

Most Popular

Key highlights from Deere & Co.’s (DE) Q4 2024 earnings results

Deere & Company (NYSE: DE) reported its fourth quarter 2024 earnings results today. Worldwide net sales and revenues decreased 28% year-over-year to $11.14 billion. Net income was $1.24 billion, or

NVDA Earnings: Nvidia Q3 profit jumps, beats estimates

NVIDIA Corporation (NASDAQ: NVDA) on Wednesday reported a sharp increase in adjusted profit and revenue for the third quarter of 2025. Earnings also topped analysts' estimates. The tech firm’s revenues

Lowe’s Companies (LOW): A few points to note about the Q3 2024 performance

Shares of Lowe’s Companies, Inc. (NYSE: LOW) rose over 1% on Wednesday. The stock has gained 8% over the past three months. The company delivered better-than-expected earnings results for the

Comments

  1. Pingback: Leandro Farland
  2. Pingback: Chirurgie Tunisie
  3. Pingback: Quality standards
  4. Pingback: Campus facilities
  5. Pingback: fue
  6. Pingback: Dental hygiene
  7. Pingback: attendance
  8. Pingback: fue contact
  9. Pingback: fue contact
  10. Pingback: butterfly pecs
  11. Pingback: Fiverr Earn
  12. Pingback: Fiverr Earn
  13. Pingback: fiverrearn.com
  14. Pingback: fiverrearn.com
  15. Pingback: flatbed broker
  16. Pingback: austin frenchie
  17. Pingback: weather
  18. Pingback: fiverrearn.com
  19. Pingback: Digital Marketing
  20. Pingback: isla mujeres
  21. Pingback: jewelry kay
  22. Pingback: future university
  23. Pingback: future university
  24. Pingback: six sigma
  25. Pingback: Piano transport
  26. Pingback: FUE
  27. Pingback: FUE
  28. Pingback: FUE
  29. Pingback: Furniture handling
  30. Pingback: Classic Books 500
  31. Pingback: Streamer
  32. Pingback: FiverrEarn
  33. Pingback: FiverrEarn
  34. Pingback: FiverrEarn
  35. Pingback: partners
  36. Pingback: prostadine
  37. Pingback: french bulldogs
  38. Pingback: Betting
  39. Pingback: FiverrEarn
  40. Pingback: FiverrEarn
  41. Pingback: FiverrEarn
  42. Pingback: live sex cams
  43. Pingback: FiverrEarn
  44. Pingback: FiverrEarn
  45. Pingback: FiverrEarn
  46. Pingback: FiverrEarn
  47. Pingback: FiverrEarn
  48. Pingback: FiverrEarn
  49. Pingback: FiverrEarn
  50. Pingback: FiverrEarn
  51. Pingback: FiverrEarn
  52. Pingback: Paneer
  53. Pingback: technology
  54. Pingback: FiverrEarn
  55. Pingback: FiverrEarn
  56. Pingback: cheap sex cams
  57. Pingback: fullersears.com
  58. Pingback: dog probiotics
  59. Pingback: french bulldog buy
  60. Pingback: live sex cams
  61. Pingback: frt trigger
  62. Pingback: 늑대닷컴
  63. Pingback: nangs near me
  64. Pingback: superslot
  65. Pingback: allgame
  66. Pingback: 918kiss
  67. Pingback: หวย24
  68. Pingback: Acne skincare
  69. Pingback: pg slot
  70. Pingback: regles 421
  71. Pingback: cybersécurité
  72. Pingback: megagame
  73. Pingback: 6.5 grendel ammo
  74. Pingback: ItMe.Xyz
  75. Pingback: ItMe.Xyz
  76. Pingback: ItMe.Xyz
  77. Pingback: Bokeo Thailand

Comments are closed.

Tags

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top