Tesla’s 3Q17 deliveries
In 3Q17, Tesla (TSLA) delivered about 26,150 total cars to customers including 14,065 units of Model S, 11,865 units of Model X, and 220 units of Model 3. Total deliveries rose 5.4% on a YoY (year-over-year) basis and 18.7% on a quarter-over-quarter basis. The company delivered 22,026 car units in the previous quarter.
Production slowed quarter-over-quarter
Tesla’s 3Q17 car production stood at 25,336 units, a minor increase of about 0.6% from its production of 25,185 car units in the same quarter of the previous year.
However, the company produced a higher number of 25,708 car units in the previous quarter, which suggested that Tesla’s production fell by 1.4% quarter-over-quarter. According to the company’s press release on October 2, this production slowdown was a due to “production bottlenecks” the company faced in its Model 3 production.
YTD production and deliveries
In the first three quarters of 2017, Tesla managed to improve its vehicle deliveries and production rate significantly on a YoY basis. The company has delivered about 73,227 car units in 2017 so far, up ~35.5% as compared to the first three quarters of 2016. Similarly, its car production has risen 29.4% YoY to 76,462 units in the first three quarters of 2017.
Continue to the next part where we’ll see how Tesla’s 3Q17 vehicle deliveries and production data could affect its stock.