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posted by janrinok on Wednesday October 09 2019, @04:13PM   Printer-friendly

Submitted via IRC for Bytram

Tesla produced a record-breaking 96,155 cars last quarter

Tesla set new records for both production and delivery of vehicles in the third quarter of 2019, the company announced on Wednesday. Tesla produced 96,155 vehicles and delivered slightly more—97,000.

It's a modest improvement over the 95,200 cars Tesla delivered in the second quarter. But Wall Street wasn't impressed by the new figures, with Tesla stock falling about 4% in after-hours trading.

One of the most significant trends in Tesla's vehicle deliveries this year has been the sharp decline in sales of Tesla's pricier Model S and Model X models. Tesla enjoyed combined S and X sales of almost 100,000 vehicles in 2018—or nearly 25,000 per quarter.

Then sales of the Model S and X plunged to 12,100 in the first quarter of 2019. This was a painful shift given the higher margins on these vehicles. Tesla delivered 17,650 of the high-end vehicles in the second quarter but then backslid (slightly) to 17,400 in Q3. That's not going to be good for Tesla's profit figures, which are expected out later this month.


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  • (Score: 3, Informative) by ledow on Thursday October 10 2019, @12:11AM (1 child)

    by ledow (5567) on Thursday October 10 2019, @12:11AM (#904960) Homepage

    Record breaking?! For Tesla, maybe.

    Ford made 1.3m cars in the same time. For those who can't do maths, that's 13 times more. And that's *just* Ford, and just last quarter.

    Tesla are literally an order of magnitude away from being any kind of threat at the moment, same as the last 16 years they've been in operation.

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  • (Score: 3, Insightful) by Phoenix666 on Thursday October 10 2019, @01:24PM

    by Phoenix666 (552) on Thursday October 10 2019, @01:24PM (#905180) Journal

    You are correct, but most disruptive technologies start off the same way. Remember digital cameras? Many scoffed at those at first, too, and then suddenly nobody wanted a film camera anymore.

    I think electric cars will reach that tipping point soon because they drive better than gas cars.

    --
    Washington DC delenda est.