01:31
-10 C°
Traffic jam:   1
$
73.8453
83.3640

Tesla deliveries: supply growth exceeds market estimates

4 October 2021
2064
2 min.
2
Tesla deliveries: supply growth exceeds market estimates

Record shipments

Tesla once again reported record shipments despite the issue of semiconductor failure.Tesla's sales and production statistics show strong growth, and if this pace continues, it will likely exceed its annual shipment forecast for 2021.

This weekend, Tesla (TSLA) reported record shipments for the third quarter ended 30 September, refuting expectations of a negative impact of the global semiconductor shortage on the company's results.

From July to September, Tesla's sales totaled 241300 new vehicles delivered to customers (according to the company's press release, final figures may vary by 0.5% or more).

That's a 73.2% increase over the past year, up nearly 2% from Q2 201,250 units. Wall Street analysts on average expected Tesla to be worth about 23 million units. Founder-CEO Elon Musk said last month that Tesla is operating under "extreme supply chain constraints for some 'standard' automotive chips," telling investors on May 7 that this could affect production rates in the second half of the year.

Tesla shares are up 9.86% YTD and 14.2% in the latest quarter.

Total sales of Tesla electric vehicles with delivery from the start of 2021 to September 30 exceeded 625,000 units. By comparison, Tesla managed to deliver 499,550 vehicles in the crisis year of 2020.

Wall Street forecasts for Tesla deliveries in 2021 average 797,000.

Most of Tesla's production and deliveries continue to come from the Model 3 and Model Y, while sales and deliveries of the more expensive Model S with the Model X rose after a steep decline in the second quarter.

Tesla hasn't disclosed exact sales figures for each model, nor did it specify sales figures by region. However, it is known that Tesla began shipping the Model Y to Europe for the first time in the past quarter, which likely served as one of the sales growth factors.

The Tesla plant in Shanghai also successfully ramped up production capacity, which allowed the company to export most of its Chinese-built cars to Europe in July and August.

Tesla's Shanghai plant shipments in September were mainly aimed at covering domestic demand.

Persons1 and Companies1 in the news

CEO of Tesla
Person
Tesla
Organization
Section:

Discussion

Rating companies
Nasdaq
119 Mention
Apple
98 Mention
Tesla
92 Mention
Amazon
85 Mention
Dow Jones
83 Mention
Facebook
73 Mention
Microsoft
51 Mention

NEW YORK NEWS

News from GlobalNY.biz is the freshest and most relevant information about high-profile events in the region. The task of the resource's news feed is to convey to readers with maximum accuracy and objectivity information about important events in business, politics, economy, healthcare, culture and other spheres of life in New York.
GlobalNY.biz news is a coverage of economic processes taking place in New York, the latest news of public life, incidents and an overview of political events. New York news is information about the activities of small and medium-sized businesses, the work of housing and communal services and utilities, the implementation of significant projects.
The site's journalists describe not only the life of the region, but also talk about the current state of the US economy. Everything you need to know about innovations in the field of industry and agriculture, economy and power is collected in the "News" section at GlobalNY.biz.
New York news quickly informs the reader, shows the real picture and opens up hot topics. Communication with government structures and business enables us to provide our readers with reliable, information-rich material. The main page of the portal contains the key news of New York!
Alena Potapova

Development Director
Population
7900794793
Died this year
55660523
Born this year
136934738