Tesla Q3 2020 Vehicle Production & Deliveries

Rhea-AI Summary

PALO ALTO, Calif., Oct. 02, 2020 – Tesla produced over 145,000 vehicles and delivered nearly 140,000 vehicles in Q3 2020. The delivery figures include 16,992 Model S/X and 128,044 Model 3/Y vehicles. Delivery efficiency improved as new vehicle inventory declined. Tesla's net income and cash flow will be disclosed with Q3 earnings. The delivery count is conservative, subject to verification, and not solely indicative of financial performance due to various factors impacting quarterly results.

Positive

• Q3 production of over 145,000 vehicles.
• Q3 delivery of nearly 140,000 vehicles, showing strong demand.
• Improved delivery efficiency with declining new vehicle inventory.

Negative

• Final delivery numbers may vary by up to 0.5%, indicating potential inaccuracies.
• Deliveries should not be solely relied upon to gauge quarterly financial performance due to various impacting factors.

PALO ALTO, Calif., Oct. 02, 2020 (GLOBE NEWSWIRE) -- In the third quarter, we produced just over 145,000 vehicles and delivered nearly 140,000 vehicles.

		Production	Deliveries	Subject to operating lease accounting
	Model S/X	16,992	15,200	13%
	Model 3/Y	128,044	124,100	7%
	Total	145,036	139,300	7%

In terms of days of sales, new vehicle inventory declined further in Q3 as we continue to improve our delivery efficiency.

Our net income and cash flow results will be announced along with the rest of our financial performance when we announce Q3 earnings. Our delivery count should be viewed as slightly conservative, as we only count a car as delivered if it is transferred to the customer and all paperwork is correct. Final numbers could vary by up to 0.5% or more. Tesla vehicle deliveries represent only one measure of the company’s financial performance and should not be relied on as an indicator of quarterly financial results, which depend on a variety of factors, including the cost of sales, foreign exchange movements and mix of directly leased vehicles.

FAQ

What were Tesla's production and delivery numbers for Q3 2020?

In Q3 2020, Tesla produced over 145,000 vehicles and delivered nearly 140,000.

How many Model S/X vehicles did Tesla deliver in Q3 2020?

Tesla delivered 15,200 Model S/X vehicles in Q3 2020.

What is the significance of Tesla's vehicle delivery count?

Tesla's vehicle deliveries are a measure of performance but should not be solely relied on as they are affected by various factors.

When will Tesla announce its net income for Q3 2020?

Tesla will announce its net income and cash flow results along with its full financial performance during the Q3 earnings report.

How does Tesla's vehicle delivery efficiency impact its financial performance?

Improved delivery efficiency may positively impact Tesla's financial performance by reducing inventory costs.