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While more established automakers reported slowing sales due to supply constraints, Tesla said on Saturday it saw a healthy increase in worldwide deliveries of its electric cars in the third quarter.
NS the company said Delivering 241,300 vehicles in the quarter, achieving its highest quarterly total ever. It was a 20 percent increase over the second quarter and 73 percent higher than last year’s third quarter total.
Tesla does not distribute its deliveries by country. Much of its recent growth has been supported by sales in Europe and China.
on Friday, Major automakers, including General Motors and Toyota He said U.S. sales have been declining recently due to a worldwide shortage of semiconductors, as the pandemic’s disruptions have caused factory closures and cargo bottlenecks.
In its brief announcement on Saturday, Tesla implied that it was unaffected by these woes. “We want to thank our customers for their patience as we work through global supply chain and logistical challenges,” the company said.
when the company announced its second quarter profit In July, CEO Elon Musk said he had circumvented the shortage by switching to more readily available chips and writing new instructions (known as firmware) to be embedded in the chips. But he also said that Tesla had to waste some production due to a lack of parts.
Tesla said its third-quarter delivery figures, which are the best proxy for its sales, are a first number that “should be viewed as somewhat conservative”.
The company said it produced 237,823 vehicles this quarter, of which 228,882 are the Model 3 or Model Y with its larger version. It produced 8,941 of its most profitable vehicles, the Model S luxury sedan and the Model X sports utility vehicle. slightly more than half of the total for the period a year ago.
Production of the Model S and Model X has been halted for a while this year, and Tesla has prepared its Fremont, California, factory to create updated versions.
Although sold much more by more established companies, Tesla is the world’s most valuable automaker with a market capitalization of over $770 billion. But as electric vehicles move from a niche to the mainstream, they face new competition.
Rivian, an American manufacturer of electric trucks Amazon filed documents with the Securities and Exchange Commission ahead of its IPO on Friday, with more than $10 billion in investments from Ford Motor and several Wall Street firms.
And Lucid Motors, led by a former Tesla executive, Peter Rawlinson, said it will begin deliveries soon. A luxury sedan that can travel up to 520 miles On a single charge of the battery pack, it’s about 100 miles from the longest-range Tesla model.
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