October 29, 2021

New high in history! Tesla delivered 139,300 vehicles worldwide in the third quarter, far higher than analyst expectations

Tesla delivered a record number of cars worldwide in the third quarter, surpassing analyst expectations and maintaining a global leader in electric vehicle sales. The Palo Alto, California-based automaker delivered 139,300 vehicles in the third quarter, rewriting the historical record of 112,000 vehicles in the fourth quarter of 2019 , and surpassing the 129,950 predicted by analysts surveyed by Bloomberg.

After the company announced sales data, Tesla’s share price, which has risen by more than 435% this year, narrowed its decline in early trading. As of 10:12 am New York time, the stock fell 3.5% to $432.28. As U.S. President Donald Trump tested positive for Covid-19, the stock market fell across the board.

“Overall, this is a pretty number,” Wedbush analyst Dan Ives said in a telephone interview on Friday. “The interpretation shows that China is the source of strength.”

CEO Elon Musk hinted to employees and investors in internal e-mails in September that the season is expected to set a record.

The quarterly figures are a barometer of global demand for electric vehicles. Tesla hopes to stay ahead of the competition with start-ups and established car companies. These competitors plan to launch dozens of competitive battery-powered cars in the next few years. According to a recent McKinsey report, Tesla’s share of the global electric vehicle market last year was 16%, the highest in the industry.

Tesla did not disclose whether it will still deliver at least 500,000 cars this year, which will increase 36% from 2019. As of September 30, the company has delivered 318,350 vehicles to customers. In the fourth quarter, approximately 181,650 vehicles will be delivered globally to achieve the target.

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At the company’s “Battery Day” event last month, Musk reiterated his goal of 500,000 vehicles in 2020, saying that it expects deliveries this year to increase by 30% to 40%.