Tesla Beats Expectations, Delivers 241,300 Cars in Q3

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by Oluwapelumi Adejumo · 3 min read
Tesla Beats Expectations, Delivers 241,300 Cars in Q3
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Elon Musk is currently looking to reform his electric car empire with plans to move the headquarters from Palo Alto, California, to Austin, Texas.

Popular electric car maker Tesla Inc (NASDAQ: TSLA) has superseded the delivery expectations of StreetAccount as it delivered 241,300 cars during Q3 of 2021. This was revealed by the company in its recently released report.

Before the end of September, Tesla had produced 236,823 smart cars, according to its press statement. The statement also explained that 228 882 of the total figure was the affordable Model 3 and Y Teslas, while the remaining figure is a mix of Model S and X. The last quarter saw fewer production figures of 206,421, with more than 90% distributed. 

The statement further reads that “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.”

The multi-billion dollar company apologized and thanked their esteemed customers for their patience for the delays in delivery which was blamed on “global supply chain and logistics challenges.”

Tesla Plans to Move HQ to Texas

Elon Musk is currently looking to reform his electric car empire with plans to move his headquarters from Palo Alto, California, to Austin, Texas, after the California state ordered his plant to be shut down for weeks due to the Covid-19 pandemic. He also will host a shareholder meeting at the almost finished plant within the Austin area on October 7. 

Speaking on Musk’s threat, California governor Gavin Newsom said he’s “not worried about Elon leaving any time soon.”

Musk’s Tesla has over the years expanded its operations beyond the shores of the US with its new plant located in Shanghai, China. It partnered with Panasonic to make batteries at its facility in Nevada. Although, the Model 3 cars are powered with lithium iron phosphate batteries imported from China. 

Subsequently, the Tesla China plant is facing a minor glitch as some operations were suspended. The global semiconductor problem the country is facing might be a setback for them and a push for other Battery Electric Vehicles (BEV) like Rivian and Lucid Motors, who are hoping to seize the market from Tesla with their new battery-electric models, R1T and Lucid Air Sedan. 

At the same time, there has been an increase of interest in electric cars technology as a survey carried out by Pew Research in June 2021 found out that many people prefer an electric vehicle saying, “the next time they purchase a vehicle, they are at least somewhat likely to consider electric seriously.” 

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Oluwapelumi Adejumo

Oluwapelumi is a believer in the transformative power Bitcoin and Blockchain industry holds. He is interested in sharing knowledge and ideas. When he is not writing, he is looking to meet new people and trying out new things.

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