Tesla TSLA Q3 2021 Vehicle Delivery Number

The Tesla logo was seen in one of its showrooms. Tesla today announced its Q1 2021 earnings.

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Tesla delivered 241,300 electric vehicles in the third quarter of 2021, the company said Saturday.

Quarterly delivery tops expectations. Analysts predicted that Tesla would supply about 220,900 electric vehicles during this period, according to estimates compiled by StreetCount by September 30th.

Tesla said in its report that the company had produced 237,823 vehicles as of September 30, 2021. Of these, 228,882 were its Model 3 and Y vehicles, making it a more affordable mid-range offer.

The remaining 8,941 of its model S and X cars produced.

Last quarter, Tesla delivered 201,250 cars and made 206,421 cars, even as production of its Model S and X cars fell below 2,500.

“Our delivery calculations should be viewed as somewhat conservative, as we only calculate when a vehicle is transferred to the customer and all paperwork is correct. Final numbers may vary by 0.5% or more,” the statement said.

The Tesla model does not break down delivery numbers, nor does it report sales or production numbers from China vs. US (Deliveries are the company’s closest estimate of car sales.)

Tesla keeps customers through repeated, unexpected delivery delays during the quarter. In their release on Saturday, the company acknowledged the delay, blaming them for their “global supply chain and logistics challenges”, then thanking customers for their patience.

The press release announcing the production and distribution report was dated Austin, Texas. Tesla’s website still lists its headquarters in Palo Alto, California, but Elon Musk moved to Texas last year and the company is building a new factory in the Austin area.

The Tesla plant is planning to hold its annual shareholder meeting in October, now under construction at its plant near Austin. Musk had previously threatened to remove Tesla’s headquarters from California in the spring of 2020 when Tesla Fremont was needed for state covid-related health orders. The factory will temporarily shut down operations for a few weeks.

At the time, California Governor Gavin News told CNBC that he was “not worried about Elon leaving soon” and supported Tesla.

Elon Musk’s electric vehicle manufacturer now produces cars at its Shanghai plant, and continues to produce batteries domestically with Panasonic at their extensive facility outside the U.S. factory in Fremont, Reno, California.

Towards the end of September 2021, Tesla began shipping some lithium iron phosphate batteries from China, which are used in models of vehicles designed for customers in the United States.

Tesla has temporarily suspended some activities at its vehicle assembly plant in Shanghai, where it makes cars for customers in China and Europe. Stopped for the global semiconductor deficit, which has created a challenge for Tesla throughout the year and plagued the entire car industry.

New battery-powered electric models, particularly Rivian’s R1T and Lucid Motors’ delayed luxury Lucid Air sedan, are now in production and sales to customers in the United States, an indication that competition in major markets for Tesla is growing.

At the same time, interest in electric vehicles is growing, even the United States lags behind China and Europe in adoption.

According to a 2021 survey by Pew Research, 39% of Americans say that “the next time they buy a car, they can consider at least some electricity.” About 7% of Americans say they have already bought a pure battery-powered or hybrid-electric car.

This demand is only encouraged by fuel consumption and environmental regulations.

In China, for example, government programs make it much faster and cheaper to get license plates for electric vehicles than for internal combustion engine vehicles. The Chinese government has proposed investments in subsidies, tax breaks and charging infrastructure to encourage EV production and adoption.

Meanwhile, President Joe Biden has set a voluntary target for half of all new car sales in the United States by 2030, including electric model-battery electric, plug-in hybrid and hydrogen fuel cell vehicles. The move is part of the Biden administration’s commitment to halve US emissions by 20 years.

Alexander Potter, a senior research analyst at Piper Sandler, wrote in a Sept. 27 note:

“Tesla’s share of the battery electric vehicle (BEV) market will almost certainly decline – as many colleagues have not yet started selling BEV. It should not be considered a bearish signal … After all, Tesla is competing against all types of vehicles – just against other electric vehicles. No. “

Sam Fiorani, vice president of Auto Forecast Solutions, agrees. He said: “There has been a major start to the competition in the Tesla EV market that no one will be able to pass them anytime soon. The Cult of Tesla will keep shoppers connected to the brand for years to come. “Even if their market share declines, Tesla will remain in the lead for the next few years without making big mistakes from within the company.”

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