Tesla delivers record 343,830 vehicles in Q3, Musk elated
Last Updated October 03, 2022
Share
San Francisco, Oct 3 (IANS) Electric car-maker Tesla delivered a record 343,830 vehicles in the third quarter (Q3), after a weak performance in the second quarter owing to Covid shutdowns especially in China. The company said it produced over 365,000 vehicles and delivered over 343,000 vehicles. Historically, our delivery volumes have skewed towards the end of each quarter due to regional batch building of cars. As our production volumes continue to grow, it is becoming increasingly challenging to secure vehicle transportation capacity and at a reasonable cost during these peak logistics weeks," Elon Musk-run company said in a statement late on Sunday. It added that in Q3, "we began transitioning to a more even regional mix of vehicle builds each week, which led to an increase in cars in transit at the end of the quarter". The cars have been ordered and will be delivered to customers upon arrival at their destination, according to Tesla. The company said Model S and X made up 18,672 of its quarterly deliveries, while the Model 3 and Y accounted for 325,158. Musk tweeted: "Smoothing out the crazy end of quarter delivery wave to reduce expedite costs and relieve stress on the Tesla team. Aiming for steadier deliveries intra-quarter". "Customer experience suffers when there is an end of quarter rush. Steady as she goes is the right move," he added.
You Might Also Like
More From Related News
Union Cabinet okays ToR for 16th Finance Commission
Meta halts sales of Quest 3 Elite Battery Strap: Report
Nifty reclaims 20k mark led by auto stocks
Gold prices soar to 7-month high
Apple plans to end partnership with Goldman Sachs in 12-15 months: Report
Mines Ministry to launch first ever tranche of critical and strategic minerals auction
NTPC Bongaigaon recognized for its outstanding achievements in CSR and Environment Protection
MOD inks contract with BHEL to procure 16 Upgraded Super Rapid Gun Mount & accessories
Ministry of Coal reviews Coal Production from Commercial & Captive Mines
JSP wins Greentech CSR India Award 2023
Odisha among top 18 states to up Capital Outlay by 18-20% in FY 24: Report
Samsung Galaxy A05 with 50 MP wide-angle camera launched in India
Apple iPhone maker Foxconn to invest $1.5 bn in India