Tesla delivers record 343,830 vehicles in Q3, Musk elated

by IANS |

San Francisco, Oct 3 (IANS) Electric car-maker Tesla delivered a record 343,830 vehicles in the third quarter (Q3), after a weak performance in the second quarter owing to Covid shutdowns especially in China.

The company said it produced over 365,000 vehicles and delivered over 343,000 vehicles.

Historically, our delivery volumes have skewed towards the end of each quarter due to regional batch building of cars. As our production volumes continue to grow, it is becoming increasingly challenging to secure vehicle transportation capacity and at a reasonable cost during these peak logistics weeks," Elon Musk-run company said in a statement late on Sunday.

It added that in Q3, "we began transitioning to a more even regional mix of vehicle builds each week, which led to an increase in cars in transit at the end of the quarter".

The cars have been ordered and will be delivered to customers upon arrival at their destination, according to Tesla.

The company said Model S and X made up 18,672 of its quarterly deliveries, while the Model 3 and Y accounted for 325,158.

Musk tweeted: "Smoothing out the crazy end of quarter delivery wave to reduce expedite costs and relieve stress on the Tesla team. Aiming for steadier deliveries intra-quarter".

"Customer experience suffers when there is an end of quarter rush. Steady as she goes is the right move," he added.

Latest News
UP CM underlines need for changes in building bylaws Mon, Jun 24, 2024, 05:06 PM
6.3-magnitude quake hits Vanuatu Mon, Jun 24, 2024, 04:55 PM
Sensex closes 131 points up amid volatility Mon, Jun 24, 2024, 04:51 PM
Our best is yet to come: Gautam Adani to his 6.7 million shareholders Mon, Jun 24, 2024, 04:17 PM
Centre slaps stock limits on wheat traders to control prices Mon, Jun 24, 2024, 04:14 PM
Sikkim CM meets PM Modi, discusses key issues Mon, Jun 24, 2024, 04:06 PM
Karnataka CM's son Yathindra, C.T. Ravi, 15 others take oath as MLCs in Vidhana Soudha Mon, Jun 24, 2024, 04:04 PM
MP's budget will be comprehensive & public centric: Jagdish Devda Mon, Jun 24, 2024, 04:02 PM
Manipur man arrested from Bengal, rhino horn seized Mon, Jun 24, 2024, 03:53 PM
Defections of BRS MLAs trigger dissidence in Congress Mon, Jun 24, 2024, 03:45 PM
India and UAE hail growing momentum in bilateral cooperation Mon, Jun 24, 2024, 03:20 PM
India to field strong 11-member squad in Asian Junior squash Mon, Jun 24, 2024, 03:00 PM
India to field strong 11-member squad in Asian Junior squash Mon, Jun 24, 2024, 02:50 PM
Strong opposition will maintain its pressure, says Rahul Gandhi Mon, Jun 24, 2024, 02:39 PM
Seven killed in landslide in Afghanistan Mon, Jun 24, 2024, 02:28 PM