Automotive

Tesla posts another record for deliveries, led by the Model 3

Tesla posts another record for...
Tesla delivered a record number of cars in Q3 2019, led by its popular Model 3 sedan
Tesla delivered a record number of cars in Q3 2019, led by its popular Model 3 sedan
View 1 Image
Tesla delivered a record number of cars in Q3 2019, led by its popular Model 3 sedan
1/1
Tesla delivered a record number of cars in Q3 2019, led by its popular Model 3 sedan

Tesla has shared its production results for the third quarter, claiming yet another delivery record for the period. The Silicon Valley automaker handed its customers 97,000 cars in that time, though those watching closely will note that falls a little short of its CEO’s grand ambitions.

In the second quarter of this year, Tesla provided another sign that it had put its recent manufacturing woes behind it. In that period, the automaker was able to build a record number of cars in 87,000, and deliver a record number as well, in 95,200.

In leaked emails obtained by Electrek late last month, CEO Elon Musk told his employees the company “had a shot” at delivering 100,000 cars for the third quarter, which he described as an “incredibly exciting milestone.” This prompted a five-percent surge in Tesla share prices as word spread of the internal optimism.

In producing 96,155 cars and delivering 97,000, Tesla hasn’t quite arrived at that milestone just yet, but it is another successful quarter for the company on the manufacturing and logistics side of things. These results were led by demand for its Model 3 sedan, of which it produced 79,837 and delivered 79,600.

While this is upward curve is promising, it’s worth noting that Tesla has a huge battle on its hands to “accelerate the world’s transition to sustainable energy,” as is its mission.

Legacy automakers like Ford and General Motors are producing internal combustion cars by the millions every year, while electric cars continue to make up a tiny share of the market around the world – around one percent. They are, however, proving more popular in some countries than others, with Norway, where EVs make up more than 50 percent of new car sales, a prime example.

The financial side of things is another story entirely for Tesla, with its second quarter operations resulting in a loss of US$408 million. This followed a monster $702 million loss in quarter one. The company is expected to release its latest quarterly earnings report in a few weeks, so we’ll know more about how it is tracking soon enough.

Source: Tesla

6 comments
neoneuron
Go Tesla!!
guzmanchinky
I agree! Go Tesla! As soon as someone comes up with a quick charging battery it will be all over for gasoline cars. Good riddance.
christopher
The world can't "transition" - that's an absurd idea invented by idiots who refuse to pay any attention to the scale the the problem. Every year, the world uses *more* non-renewables than the year before it, and the *amount* of *more* that it uses, exceeds all of the renewables that come online. We're going backwards. Get a grip and realize: you can't change that. Nobody can. No matter how much you want it to be true, and no matter how many tantrums get thrown by teary-eyed teenage girls. Humans reproduce, move around, eat, and stay warm or cool. There's too many to reach, too few who care, and too little in the collective power of everyone who might care to do anything to make any MEASURABLE difference to all that. There is some hope: UC Berkely are genetic-engineering toxic superbugs...
Riaanh
@christopher, yes it is a big challenge. But note that some countries are emitting a lot more CO2 than other countries. For example France is producing 4.5 metric tons of CO2 per capita, while the USA is producing 15 per capita! (3x more) If we can bring this down, and help developing countries from reaching these levels we will surely buy our kids some time. We need all the help we can, even from a teenage tantrums, to try and do something, and buy our kids time!
Q
That Elon Musk guy continues to disappoint the oil companies with his success.
sidmehta
Great! Are they ever going to make money or just fold?