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In the third quarter Tesla increased car production by half

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In the third quarter Tesla increased car production by half
October 04
09:00 2018

In the third quarter of this year, Tesla has expanded the car production by half (to the level of 80 brand-new electric cars in three months) compared to the second quarter of 2018.

This indicator has been the highest in the company’s history. The corporation has produced almost 27 thousand electric cars of models S and X as well as more than 53 thousand models 3.

Since the beginning of summer, 83,000 cars have been delivered to the customers. About 15 thousand of them are electric cars of models S and X, the rest are models 3.

The company’s report on the excellent production performance reads: “In the third quarter, we have sold 80% of the total volume delivered over the past year. At the same time, Model 3 cars have been shipped twice as much compared to the previous quarters.”

According to the analysts, the sales should have been distributed as follows: Model S, X – 12.5-13 thousand each; Model 3-55 thousand.

The company also has confirmed the forecast that this year it will supply more than 100 thousand cars of Model S and X.

Due to the excellent reporting, Tesla securities have grown by 2%. However, the company’s value has decreased by 7% over the past 3 months.

 

The material was prepared with the participation of Katya Gordon,
a leading analyst of the brokerage company CT Trade

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