Tesla posts record-breaking Q3 results
The numbers are in for Q3 2021 and things are looking good for Tesla.
The electric vehicle maker far exceeded its expectations for the quarter, delivering 241,300 cars globally.
Tesla’s targets ranged between 222,000 and 233,500, as Elon Musk’s company blew past its previous record-high of 201,250, which came in Q2 2021.
Tesla Delivers 201,250 Cars In Q2, Missing Estimates https://t.co/iyOAVC18rl— zerohedge (@zerohedge) July 2, 2021
Breaking it down by model, Tesla confirmed Model 3/Y deliveries at 232,025, while its combined deliveries of the Model S and Model X came in at 9,275.
Tesla said in a note that its actual results may be slightly higher.
“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,” the company said.
“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.”
There could be more to come from the EV giant after it completed construction on a significant portion of its factory in Austin, Texas.
Tesla has also officially relocated to Auston from Palo Alto, California.
Tesla has officially moved its Headquarters from Palo Alto, California to Austin, Texas! 🤠 pic.twitter.com/IN6WDLp9wX— Jeff 💙✌️ (@JeffTutorials) October 2, 2021
Additionally, Tesla is going over final approvals to begin operations at its new plant just outside Berlin, Germany.