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Tesla reports 486,532 vehicle deliveries for third quarter, topping expectation
Tesla just reported vehicle deliveries and production for the third quarter. Shares of Elon Musk's EV maker climbed about 2% following the news.
Deliveries fell about 2% from 497,099 a year earlier, but climbed from the second quarter, when Tesla recorded 480,126 deliveries.
Analysts were expecting around 461,100 deliveries, according to StreetAccount's consensus. Tesla's company-compiled consensus, published Tuesday, was for 461,974 deliveries.
Tesla doesn't break out exact delivery numbers by individual model or region, but the company said its entry-level Model 3 sedan and most popular Model Y SUVs accounted for a vast majority, or 98%, of its deliveries.
Deliveries are the closest approximation of sales reported by Tesla but are not precisely defined in its shareholder communications.
Tesla Q3 Deliveries Top Expectations; The Stock Is Rising
Tesla delivered 486,532 electric vehicles in the third quarter, the company reported Friday, easily topping estimates. Tesla stock rose solidly. Heading into the release, analysts had expected Elon Musk's EV company to deliver 461,000 units in the quarter, according to FactSet. Tesla-compiled estimates from sell-side analysts expected deliveries of 461,974 cars in the quarter, which would have been a 7.1%…
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