Tesla reports stronger-than-expected Q3 sales
This Feb. 9, 2019, file picture reveals an indication bearing the corporate brand outdoors a Tesla retailer in Cherry Creek Mall in Denver. Tesla says it delivered 241,300 electrical autos within the third quarter in 2021, even because it wrestled with a worldwide scarcity of laptop chips that has hit your complete auto business. The Palo Alto, California, firm’s gross sales from July by September beat Wall Avenue estimates. Credit score: AP Picture/David Zalubowski, File

Tesla says it delivered 241,300 electrical autos within the third quarter even because it wrestled with a worldwide scarcity of laptop chips that has hit your complete auto business.

The Palo Alto, California, firm’s gross sales from July by September beat Wall Avenue estimates of 227,000 gross sales worldwide, in line with information supplier FactSet.

Third-quarter gross sales rose 72% over the 140,000 deliveries Tesla made for a similar interval a yr in the past.

Up to now this yr, Tesla has bought round 627,300 autos. That places it on tempo to soundly beat final yr’s whole of 499,550.

Wedbush analyst Daniel Ives wrote in a be aware to buyers that the tempo of electrical car deliveries within the U.S. and China has been sturdy for the previous month or so. Meaning an “eye-popping development trajectory heading into 4Q and 2022 for (CEO Elon) Musk & Co.”

Nonetheless, Ives estimated that the chip scarcity will knock 40,000 autos from Tesla’s annual supply quantity. He estimates the deliveries to be a minimum of 865,000 autos, with a bull case of round 900,000.

“In a nutshell, with chip scarcity headwinds, China demand nonetheless recovering from earlier this yr, and EV competitors coming from all angles, Tesla’s skill to navigate these challenges this quarter have been very spectacular,” he wrote.

Within the third quarter, the smaller Mannequin 3 sedan and Y SUV led the best way with 232,025 gross sales, adopted by the bigger Fashions S and X at 9,275. Tesla stated it produced 237,823 autos for the quarter.


Tesla delivers greater than 200,000 autos in 2nd quarter


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