Electric car giant Tesla shared a report on its sales and production in the third quarter of the year. The report revealed that the company performed lower than expected in the last three months.
The automobile giant produced a total of 430 thousand 488 vehicles in the third quarter. This amount is 10% less than the previous quarter, when 479 thousand vehicles were produced. However, let us also point out that production increased by 25% on an annual basis.
435 thousand 59 sales were made in the third quarter
| Model | Production | delivery |
|---|---|---|
| Model S/X | 13 thousand 688 | 15 thousand 985 |
| Model 3/Y | 416 thousand 800 | 419 thousand 74 |
According to the company’s data, a total of 435 thousand 59 deliveries were made between August and October. Around 419 thousand of these were registered as Model 3 and Model Y, and nearly 16 thousand were recorded as Model and Model X. Let’s not forget to add that the company’s sales last quarter were 7% below experts’ expectations.
The company, managed by Elon Musk, stated in its statement that the decline was due to outages due to factory improvements. However, he added that the annual sales target is still 1.8 million units.
How many vehicles did Tesla sell in 2023?
| 1st Quarter Sales Number | 2nd Quarter Sales Number | 3rd Quarter Number of sales |
|---|---|---|
| 422 thousand 875 | 466 thousand 140 | 435 thousand 59 |
With the announcement of its third quarter sales, Tesla reached a total of 1 million 324 thousand 74 sales in 2023. We said that the target was 1.8 million. To achieve this, the company needs to make around 476 thousand sales in the last quarter.
Although Tesla announced its production and delivery numbers, it did not share information about how much it earned in the third quarter. This information will come to light with the financial report that the company will publish on October 18.
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