Tesla (NASDAQ: TSLA) announced Q3 2020 delivery and production numbers today. An all-time high 139,300 deliveries were reported by the California EV manufacturer beating the expectations of most Wall Street analysts. The average estimate of analysts came in at 137,000 units. During Q3 2020, the company also manufactured 145,036 pure electric vehicles from its Fremont, California and Gigafactory Shanghai plants.
At the end of this quarter, Tesla CEO Elon Musk posted his utmost gratitude on Twitter to new owners for “accommodating us on delivery timing,” also giving a shoutout for their hard work to all Tesla team members.
Here is the breakdown, by model, of Q3 2020 delivery and production numbers:
Model S/X : 16,992
Model 3/Y: 128,044
Model S/X: 15,200
Model 3/Y: 124,100
SUBJECT TO LEASE ACCOUNTING:
Model S/X: 13%
Model 3/Y: 7%
“In terms of days of sales, new vehicle inventory declined further in Q3 as we continue to improve our delivery efficiency.
Our net income and cash flow results will be announced along with the rest of our financial performance when we announce Q3 earnings. Our delivery count should be viewed as slightly conservative, as we only count a car as delivered if it is transferred to the customer and all paperwork is correct. Final numbers could vary by up to 0.5% or more. Tesla vehicle deliveries represent only one measure of the company’s financial performance and should not be relied on as an indicator of quarterly financial results, which depend on a variety of factors, including the cost of sales, foreign exchange movements and mix of directly leased vehicles.”
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