Saturday, December 3, 2022

Home Business Tesla Delivers 343,000 Cars In Third Quarter

Tesla Delivers 343,000 Cars In Third Quarter

Washington [US]: The US electric automaker Tesla on Sunday (local time) announced the delivery and production numbers for the third quarter, stating that it is lower than expected, according to media reports.


According to CNN, a total of 343,000 deliveries and 365,000 vehicles were built by Telsa.

It produced 19,935 and delivered 18,672 Model S and X vehicles.

It produced 345,988 Model 3 and Y cars and delivered 325,158. The lower-than-expected numbers resulted from production stoppages to update its factory in Shanghai. Analysts expected Tesla to deliver 359,162 cars, CNN reported.


Total production increased from the prior quarter of 2022, when Tesla said it made 258,580 vehicles.


“While Tesla had delivery challenges in the quarter, this is clearly a soft number that the Street will fret about it,” Daniel Ives, managing director and senior equity analyst at Wedbush Securities said as quoted by CNN.


“Given the macro environment, a disappointing delivery number from Tesla will be a near-term step back for the bull story with a lot riding on 4Q deliveries,” he added.


CNBC reported that during the year-ago quarter, Tesla reported deliveries of 254,695 vehicles, and that it had produced 237,823 cars including just 8,941 Model S and X vehicles, which are the company’s more expensive sedan and SUV with falcon-wing doors, respectively.


In July sales of Teslas built in China plummeted 64 per cent from the month prior due to an ambitious upgrade of the company’s Shanghai factory, as per CNN.

The shutdown in production came as the company began recovering from a months-long Covid lockdown in the city that had disrupted production and supplies. 

RELATED ARTICLES

Inspired by TV, Woman Kills Another To Fake Her Death In UP

A woman and her lover have been arrested for allegedly killing another woman to fake her own death, the police said on Friday. ....Tap to read more

Sidhu Moosewala Case: Gangster Goldy Detained In US, Says Punjab CM

Punjab Chief Minister Bhagwant Mann on Friday said Canada-based top gangsters Goldy Brar, the alleged mastermind in the killing of Punjabi singer Sidhu Moosewala, has been detained in California, United States. ....Tap to read more

Shocking: 13Yr Old Gang-Raped By Classmates In Mumbai

A 13-year-old girl was gang-raped by her classmates in the Matunga area of Mumbai according to the police. ....Tap to read more

Most Popular

FIFA WC: Switzerland Oust Serbia 3-2, Advance To Round Of 16

Doha [Qatar]: Switzerland defeated Serbia 3-2 in an electric encounter on Friday to finish second in Group G and advance to the World Cup knockout round at Stadium 974 on Saturday. ...TAP TO READ MORE.

FIFA WC: Cameroon Crash Out Despite 1-0 Win Over Brazil

Lusail [Qatar]: Cameroon fell short of a knockout berth despite defeating Brazil 1-0 in a Group G encounter at the Lusail stadium on Saturday as they crashed out of the ongoing FIFA World Cup. ...TAP TO READ MORE.

FIFA WC: South Korea Stun Portugal 2-1, Qualify For Last-16

Doha [Qatar]: Hwang Hee-Chan's goal in stoppage time helped South Korea stun Portugal 2-1 in their last Group H match of the FIFA World Cup 2022 being played here at the Education City Stadium. With this win, the Koreans made it to the pre-quarters. ...TAP TO READ MORE.

FIFA WC: Uruguay Beat Ghana 2-0 But Fail To Qualify For Last 16

Al Wakrah [Qatar]: Giorgian de Arrascaeta scored a brace for Uruguay as they defeated Ghana 2-0 here at Al Janoub Stadium but despite the victory, they failed to advance to the last 16. ...TAP TO READ MORE.

Recent Comments