Last Updated on: 7th October 2022, 12:25 pm
Tesla released its third-quarter delivery and production numbers Sunday. It reported 343,000 total deliveries and 365,000 built vehicles, below analyst forecasts.
The company also released new delivery figures for its vehicles – Tesla says it has now delivered 80% of Model 3 and Model Y deliveries. That’s an impressive achievement, and it’s thanks to the rapid rollout of the vehicles.
Tesla sold 18,672 units, a little less than 20,000. Tesla now has more than 20,000 vehicles in stock at the end of the quarter, which is a high number for an automaker. All of these vehicles have been sold and are currently in transit.
Tesla stated that it was unable to secure transportation at affordable prices during its quarter-end delivery rush. This resulted in more vehicles being in transit.
Tesla Still Managed To Achieve A Delivery Record
The total number of vehicles delivered was 373,219, compared to the 380,000 that was expected.
But despite the miss, the company still managed to achieve a delivery record – beating its last by over 30,000 units. Tesla CEO Elon Musk attributed the record delivery number to the automaker’s focus on reducing costs and improving efficiency.
“Tesla delivered 373,219 cars in Q4, an all-time record. This was achieved through a relentless focus on reducing costs and improving efficiency,” Musk said in a statement. “We are now entering the production ramp for Model 3 and we are on track for 500,000 deliveries in 2018.”
But while the record delivery number is impressive, the company’s focus on reducing costs and improving efficiency comes at the expense of increased delivery numbers. Tesla’s focus on reducing costs means that the automaker is prioritizing costs over delivery numbers during its end-of-quarter pushes.
This is something that employees have been communicating to the CEO. In a recent email to employees, Musk said, “This quarter there were several pushes that were ambitious but ultimately could have led to increased delivery numbers if done differently. I want to be clear that delivering more cars is not the only thing that matters. We must also focus on the right things and make sure that we are absorbing all the learnings from our productions and deliveries to ensure that we are making the right decisions for the long term.“
This is an important message for the company, as it is important to make sure that it is making the right decisions for the long term. If Tesla doesn’t focus on reducing costs and improving efficiency, it could end up sacrificing its long-term viability.
Tesla’s production numbers for the third quarter of 2018 are in, and they’re looking good. The company made 237,823 cars during the quarter, which is an increase from the same period last year when Tesla made 237,823 cars and an uptick from the previous quarter when the EV maker built 258,580 cars.
Tesla Model S & X Vehicles Are Higher Priced At More Than $100,000
The Tesla Model S and X vehicles are higher priced at more than $100,000. However, despite the increase in prices, Tesla still managed to post a profit of $3.6 billion for the quarter. This is in spite of the fact that Tesla is currently facing several challenges, including competition from new electric car manufacturers like the Audi e-Tron and the Jaguar I-Pace, as well as tariffs on Chinese goods.
Tesla’s recent production shutdown in China has come as a huge blow to the company, as sales have taken a nosedive in the country. The shutdown in production came as the company began recovering from a months-long Covid lockdown in the city that had disrupted production and supplies.
Sales in China had been skyrocketing for Tesla, with the company reporting a 64% increase in July sales over the month prior. However, this recent production shutdown has caused the company’s sales numbers to take a nosedive, with monthly sales now falling below the levels seen in July of last year.
August was a big month for Tesla in China. Vehicle wholesale volume of Tesla’s China-made vehicles surged more than 172% from the month prior.
This growth is significant, as it shows that the demand for Tesla’s cars in China is strong. In fact, it has become increasingly challenging for Tesla to secure vehicle transportation capacity at a reasonable cost. This indicates that there is a lot of interest in Tesla’s cars in China and that the company is doing a great job of meeting that demand.
They will be posting their financial results for the third quarter on October 19th, and They are confident that the results will be really positive. Tesla is continuing to make great strides in China, and Tesla looking forward to seeing even more growth in the future.