The build-up to the end of Q3 has been going for a few weeks now, with Tesla offering free incentives like 2 years fo free Supercharging or 2 free upgrades to the vehicle in order to get as many sales as possible in. This afternoon, Tesla announced their Q3 deliveries, and with that have set a new record for Tesla.
Tesla confirmed “record production of 96,155 vehicles and record deliveries of approximately 97,000 vehicles” for q3 2019. These numbers fall just short of its goal, as Tesla CEO Elon Musk was hoping for 100,000+ deliveries in a leaked email last week.
Tesla’s previous record was when the automaker delivered approximately 95,200 vehicles in Q2 2019. Here is Tesla’s full news release.
Tesla Q3 2019 Vehicle Production & Deliveries
PALO ALTO, Calif., October 2, 2019 – In the third quarter, we achieved record production of 96,155 vehicles and record deliveries of approximately 97,000 vehicles.
Production Deliveries Subject to lease accounting
Model S/X 16,318 17,400 15%
Model 3 79,837 79,600 8%
Total 96,155 97,000
In addition, we achieved record net orders in Q3 and are entering Q4 with an increase in our order backlog. As was also the case in Q2, nearly all of our Model 3 orders were received from customers who did not previously hold a reservation, solidifying the transition to generating strong organic demand. We are continuing to focus on increasing production to meet that demand.
Our net income and cash flow results will be announced along with the rest of our financial performance when we announce Q3 earnings. Our delivery count should be viewed as slightly conservative, as we only count a car as delivered if it is transferred to the customer and all paperwork is correct. Final numbers could vary by up to 0.5% or more. Tesla vehicle deliveries represent only one measure of the company’s financial performance and should not be relied on as an indicator of quarterly financial results, which depend on a variety of factors, including the cost of sales, foreign exchange movements and mix of directly leased vehicles.