COMPANY NEWS IN BRIEF
Tesla vehicle deliveries hit another record
Tesla Inc said on Saturday it had delivered a record electric car in the third quarter, beating Wall Street estimates after Chief Executive Elon Musk asked staff to "go super hardcore" to make a quarter-end delivery push.
Tesla has weathered the chip crisis better than rivals, with its overall deliveries surging 20% in the July to September period from its previous record in the second quarter, marking the sixth consecutive quarter-on-quarter gains.
In China, rising exports to Europe and the introduction of a cheaper Model Y helped boost Tesla's production, analysts said.
Musk said Tesla suffered an extremely severe parts shortage earlier in the third quarter and had urged employees to make quarter-end delivery push, Reuters reported last month, citing an internal company email.
"The end of quarter delivery wave is unusually high this time," he said in the email.
Tesla delivered 241 300 vehicles globally in the July to September quarter, up 73% from a year earlier. Analysts had expected the electric-car maker to deliver 229 242 vehicles, according to Refinitiv data. -Nampa/Reuters
Tesla Inc said on Saturday it had delivered a record electric car in the third quarter, beating Wall Street estimates after Chief Executive Elon Musk asked staff to "go super hardcore" to make a quarter-end delivery push.
Tesla has weathered the chip crisis better than rivals, with its overall deliveries surging 20% in the July to September period from its previous record in the second quarter, marking the sixth consecutive quarter-on-quarter gains.
In China, rising exports to Europe and the introduction of a cheaper Model Y helped boost Tesla's production, analysts said.
Musk said Tesla suffered an extremely severe parts shortage earlier in the third quarter and had urged employees to make quarter-end delivery push, Reuters reported last month, citing an internal company email.
"The end of quarter delivery wave is unusually high this time," he said in the email.
Tesla delivered 241 300 vehicles globally in the July to September quarter, up 73% from a year earlier. Analysts had expected the electric-car maker to deliver 229 242 vehicles, according to Refinitiv data. -Nampa/Reuters
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