Tesla exceeded forecasts on electric vehicle deliveries in Q3

19:47, 02 October 2021
Tesla exceeded forecasts on electric vehicle deliveries in Q3 Photo: Gene Blevins/ Look Press

The company delivered 241,300 electric cars compared with 221,000 expected in September’s reports.

On Saturday Tesla announced that it delivered 241,300 electric vehicles during the third quarter of 2021. The number is higher by 20,000 units than that predicted by StreetAccount’s report issued on September 30.

Elon Musk’s enterprise has added that it produced 237,823 automobiles in the third quarter including 228,882 Model 3 and Y vehicles and only 8,941 Model S and X units.

In Q2 Tesla delivered 201,250 and produced 206,421 cars, with only 2,340 model S and X produced.

“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 in a statement.

It has also warned that the final estimations could be different by around 0.5%.

Tesla managed to surpass analysts’ expectations even despite the international chip crisis which is likely to hit the automobile industry by $210 in 2021. The company manufactures its vehicles in Shanghai and in Fremont, CA, while it produces accumulators in partnership with Panasonic near Reno, Nevada.

Electric vehicles are gaining popularity around the world including in Europe and China. Almost 40% of Americans state that if they were going to buy a new car they would at least consider purchasing an electric automobile. US President Joe Biden has set a goal to make half of the car market electric by 2030.

Currently, only around 1% of overall car sales in the US are those of electric vehicles since they cannot compete with their fuel counterparts due to higher costs and specific infrastructure requirements.

However, taking into account rising petrol prices and environmental regulations, the situation is expected to change gradually in the future.