Tesla Inc (NASDAQ:TSLA) returned to growth with third-quarter delivery figures showing a year-over-year increase from the prior year.
The official report for Tesla's third-quarter financial results will be released after market close on Oct. 23. Until then, the latest report presents a look at how many vehicles the company delivered and produced in each quarter dating back to 2019.
Tesla Q3 Deliveries: In the third quarter, Tesla delivered 462,890 units, which was up 6.4% year-over-year and up 4.2% quarter-over-quarter.
The Model 3 and Model Y represented 439,975 deliveries in the quarter, with the other models making up 22,915 units of delivery count for the quarter. The other category includes the Model S, Model X, Tesla Semi and Cybertruck.
Tesla produced 469,796 units in the third quarter, which was up 9.1% year-over-year and up 14.4% quarter-over-quarter.
Third-quarter delivery totals came in mixed to Street estimates with the figure missing some consensus estimates, but beating the compiled analyst estimates from Tesla.
How Tesla Fared In Each Quarter: 2019-2024
2019
- Q1 2019: 77,138
- Q2 2019: 87,048
- Q3 2019: 96,155
- Q4 2019: 104,891
2020
- Q1 2020: 102.672
- Q2 2020: 82,272
- Q3 2020: 145,063
- Q4 2020: 179,757
2021
- Q1 2021: 180,338
- Q2 2021: 206,421
- Q3 2021: 237,823
- Q4 2021: 305,840
2022
- Q1 2022: 305,407
- Q2 2022: 258,580
- Q3 2022: 365,923
- Q4 2022: 439,701
2023
- Q1 2023: 440,808
- Q2 2023: 479,700
- Q3 2023: 430,488
- Q4 2023: 494,989
2024
- Q1 2024: 433,371
- Q2 2024: 410,831
- Q3 2024: 469,796
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Tesla Vehicle Deliveries By Quarter: Here's a look at how Tesla has fared in deliveries of vehicles in each quarter dating back to 2019:
2019
- Q1 2019: 63,019
- Q2 2019: 95,356
- Q3 2019: 97,186
- Q4 2019: 112,095
2020
- Q1 2020: 88,496
- Q2 2020: 90,891
- Q3 2020: 139,593
- Q4 2020: 180,667
2021
- Q1 2021: 184,877
- Q2 2021: 201,304
- Q3 2021: 241,391
- Q4 2021: 308,600
2022
- Q1 2022: 310,048
- Q2 2022: 254,695
- Q3 2022: 343,830
- Q4 2022: 405,278
2023
- Q1 2023: 422,875
- Q2 2023: 466,140
- Q3 2023: 435,059
- Q4 2023: 484,507
2024
- Q1 2024: 386,810
- Q2 2024: 443,956
- Q3 2024: 462,890
Key Takeaways: For many years, Tesla showed consistent growth in production and deliveries. The COVID-19 pandemic and lockdowns and factory restrictions led to lower production.
Tesla also had several quarters of year-over-year declines in deliveries in 2024, with the most recently reported third quarter showing a return to growth.
The electric vehicle company delivered 1,808,581 vehicles in 2023, up 38% year-over-year. The company's Model Y vehicle became the bestselling vehicle globally, a first for Tesla and the electric vehicle sector.
Tesla said it is between growth waves, with the first wave being the expansion of the Model 3 and Model Y and the next one being the global expansion of a next-gen vehicle.
"In 2024, our vehicle volume growth rate may be notably lower than the growth rate achieved in 2023, as our teams work on the launch of the next-generation vehicle at Gigafactory Texas," the company said.
Tesla said it remains focused on growing its output.
"We are focused on bringing the next-generation platform to market as quickly as we can."
Tesla hosts its Robotaxi Day on Oct. 10, which could highlight the company's future vehicles and growth initiatives.
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This article was previously published by Benzinga and has been updated.
Image: Shutterstock
