October 19, 2021

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Tesla exceeds expectations |  Finansavisen

Tesla exceeds expectations | Finansavisen

After the third quarter ended on Thursday, analysts have been anxiously waiting Delivery numbers To Tesla, which tends to slack off for just a few days in the new quarter. This time, on the other hand, there was additional tension about how badly the US electric car maker has been hit by the semiconductor shortage, and many analysts predicted a rebound in September for the company.

Excess expectations

In total, Tesla delivered 241,300 vehicles in the third quarter. Up from 140,000 from the same period last year. It was previously expected that 227,000 vehicles would be delivered, according to estimates obtained from FactSet.

The sales numbers mean that Tesla will be well positioned to meet its goal of increasing total deliveries by 50 percent this year. Last year, the electric car maker delivered nearly half a million vehicles, while this year it has already reached 627,000, MarketWatch reports.

The growth in deliveries comes despite disruptions in the supply chain related to chip shortages. According to consulting firm AlixPartners LLP, the global shortage of semiconductors is likely to cost the global auto industry $210 million in lost revenue this year.

Tesla has repeatedly had to delay vehicle deliveries due to “challenges” with its global supply chain and logistics, and in a press release from the company, the electric car maker thanks customers for their patience.

Something that may have helped boost sales is that this was the first full quarter where an upgraded version of the Model S luxury sedan, called the Plaid, was available. In total, Tesla delivered 9,275 Model S and X vehicles, while a total of 232,025 copies of the Model 3 and Y.

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