Islamabad, Oct 3: Tesla Q3 Sales Surge Over 462,000 Deliveries Mark a Record-Breaking Quarter. Sales at Tesla are still growing significantly, mostly due to the company’s enticing incentives and the stepping up of production of the much-anticipated Cybertruck, which has helped offset the effects of increased competition, especially from China.
With a major event, the Robotaxi unveiling, coming up on October 10, this growth is paving the way for a possible increase in the value of Tesla’s shares. As to the Investor Relations (IR) consensus from Tesla, Wall Street analysts anticipate that the electric vehicle (EV) giant would ship approximately 461,978 units in the third quarter of 2024. More specifically, 433,800 of those units were expected to be delivered as Model 3 and Model Y.
Notably, respected analyst Troy Teslike had an even greater projection of 472,000 units for the quarter. Teslike is known for correctly predicting Tesla’s quarterly deliveries. Since 2021, this represents one of the biggest favorable departures from Wall Street’s projections.
In keeping with these forecasts, Tesla has now reported that it delivered 462,890 vehicles in Tesla Sales Q3 2024, with manufacturing hitting 469,796 units. For background, during the previous quarter (Q2 2024), Tesla delivered 443,956 vehicles, while manufacturing was 410,831 units.
Analyzing the data, Tesla shipped 439,975 units of its well-liked Model 3 and Model Y, while 26,128 units were from other models, such as the Cybertruck, demonstrating the model’s increasing market share.
Based on an inventory of 106,549 units and an average daily delivery rate of 5,919.41 vehicles, Tesla’s Days of Finished Goods Inventory, a crucial statistic that indicates the number of days vehicles remain unsold, remained at 18 at the end of Q2 2024. With a greater inventory level of 113,455 units and an average daily delivery rate of 6,171.87 vehicles for Q3 2024, this statistic improved marginally to 18.38 days.
