Tesla Third Quarter 2024 Production, Deliveries & Deployments

Rhea-AI Summary

Tesla has released its production and delivery figures for the third quarter of 2024. The company produced approximately 470,000 vehicles and delivered approximately 463,000 vehicles. Additionally, Tesla deployed 6.9 GWh of energy storage products.

Breaking down the numbers, Tesla produced 443,668 Model 3/Y vehicles and 26,128 other models. Deliveries were 439,975 for Model 3/Y and 22,915 for other models. Approximately 3% of Model 3/Y and 1% of other models are subject to operating lease accounting.

Tesla will announce its Q3 2024 financial results on Wednesday, October 23, 2024, after market close. A live Q&A webcast will be held at 4:30 p.m. Central Time to discuss the results and outlook.

Positive

• Production of approximately 470,000 vehicles in Q3 2024
• Delivery of approximately 463,000 vehicles in Q3 2024
• Deployment of 6.9 GWh of energy storage products

Negative

• None.

Insights

Financial Analyst

Tesla's Q3 2024 production and delivery numbers show steady growth, with approximately 470,000 vehicles produced and 463,000 delivered. The Model 3/Y continues to dominate, accounting for over 94% of production. Energy storage deployments reached 6.9 GWh, indicating expansion in this segment. The 3% lease accounting rate suggests stable consumer financing trends. While these figures provide insight into Tesla's operational performance, investors should note that financial results, including revenue and profitability, will be important for a complete assessment. The upcoming earnings call on October 23 will be pivotal for understanding Tesla's financial health, market position and future outlook in the competitive EV landscape.

Tech Industry Analyst

Tesla's Q3 numbers reflect its continued dominance in the EV market, but also hint at challenges. The slight gap between production (470k) and deliveries (463k) suggests potential logistics or demand fluctuations. The energy storage segment's 6.9 GWh deployment is noteworthy, indicating Tesla's diversification beyond vehicles. However, the marginal growth in "Other Models" production (26,128) versus Model 3/Y (443,668) raises questions about Tesla's premium vehicle strategy. As competitors ramp up EV offerings, Tesla's ability to maintain its market share and expand into new segments will be crucial. Investors should watch for updates on the Cybertruck, robotaxi plans and AI initiatives during the earnings call to gauge Tesla's future growth trajectory.

AUSTIN, Texas--(BUSINESS WIRE)-- In the third quarter, we produced approximately 470,000 vehicles, delivered approximately 463,000 vehicles and deployed 6.9 GWh of energy storage products.

	Production	Deliveries	Subject to operating lease accounting
Model 3/Y	443,668	439,975	3%
Other Models	26,128	22,915	1%
Total	469,796	462,890	3%

Tesla will post its financial results for the third quarter of 2024 after market close on Wednesday, October 23, 2024. At that time, Tesla will issue a brief advisory containing a link to the Q3 2024 update, which will be available on Tesla’s Investor Relations website. Tesla management will hold a live question and answer webcast that day at 4:30 p.m. Central Time (5:30 p.m. Eastern Time) to discuss the Company’s financial and business results and outlook.

What: Tesla Q3 2024 Financial Results and Q&A Webcast
When: Wednesday, October 23, 2024
Time: 4:30 p.m. Central Time / 5:30 p.m. Eastern Time
Q3 2024 Update: https://ir.tesla.com
Webcast: https://ir.tesla.com (live and replay)

Approximately two hours after the Q&A session, an archived version of the webcast will be available on the Company’s website.

For additional information, please visit https://ir.tesla.com.

Our net income and cash flow results will be announced along with the rest of our financial performance when we announce Q3 earnings. Tesla vehicle deliveries and storage deployments represent only two measures 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 average selling price, cost of sales, foreign exchange movements and others as to be disclosed in the 10-Q for the quarter ended on September 30, 2024.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241002021071/en/

Investor Relations Contact:

ir@tesla.com

Source: Tesla

FAQ

How many vehicles did Tesla (TSLA) produce in Q3 2024?

Tesla produced approximately 470,000 vehicles in the third quarter of 2024.

What was Tesla's (TSLA) vehicle delivery count for Q3 2024?

Tesla delivered approximately 463,000 vehicles in the third quarter of 2024.

How much energy storage did Tesla (TSLA) deploy in Q3 2024?

Tesla deployed 6.9 GWh of energy storage products in the third quarter of 2024.

When will Tesla (TSLA) release its Q3 2024 financial results?

Tesla will release its Q3 2024 financial results after market close on Wednesday, October 23, 2024.