Tesla Delivered 241,300 Electric Vehicles During Q3

On Saturday, the giant company Tesla announced that it delivered 241,300 electric vehicles during Q3 of 2021.

The quarter’s deliveries beat expectations. According to analysts’ estimates, Tesla would deliver about 220,900 electric cars during this period.

Tesla announced in its report that it produced 237,823 cars in the period ending September 30. Remarkably, of that, 228,882 were its Model 3 and Y vehicles, its more affordable mid-range offerings.

In the previous quarter, the electric vehicle maker delivered 201,250 vehicles and produced 206,421 cars. As we know, production of its Model S and X vehicles slipped below 2,500.

Tesla announced that their delivery count is slightly conservative. It mentioned that they only count a car as delivered if it is transferred to the consumer and all paperwork is correct. The company also added that the final number could differ by nearly 0.5%.

The company doesn’t disclose delivery numbers by Model. Moreover, Tesla doesn’t publish sales or production numbers from China versus the United States.

As we know, Tesla suffered from repeated, unexpected delivery delays during the second quarter. On Sunday, the firms acknowledged delays. Tesla blamed them on global supply chain and logistics challenges amid the COVID-19 pandemic.

Q3 sales increased 72% over the 140,000 deliveries the electric car maker made for the same period a year ago.

So far, in 2021, Tesla has sold about 627,300 vehicles. That puts it on pace to soundly surpass last year’s total of 499,550.

Interest in Electric Vehicles Is Soaring Amid Increasing Fuel Costs and Environmental Regulations

According to Wedbush analyst Daniel Ives, the pace of electric vehicle deliveries in the United States and China has been strong for the past months. It indicated an exciting growth trajectory heading into the fourth quarter of the year.

Moreover, Ives anticipated the chip shortage to knock 40,000 vehicles from Tesla’s annual delivery number. He expects the deliveries to be nearly 900,000 vehicles.

Remarkably, interest in electric vehicles is soaring too. Even in the U.S., a laggard in adoption compared to Europe and China.

That demand is only encouraged by increasing fuel costs and environmental regulations.

As we know, Joe Biden set a voluntary target for half of all new vehicle sales in America to be electric models by 2030. Remarkably, it is part of the Biden administration’s commitment to reduce U.S. emissions by half by 2030.