Tesla Daily: Tesla News & Analysis
Q3 Delivery & Production Report Reaction (10.02.23)
Oct 2, 2023
In this podcast, they analyze Tesla's Q3 delivery and production numbers, discuss stock reactions, production figures, and the importance of having cars available for immediate purchase. They also talk about stock performance, growth comparison, interest rates, Highland deliveries, Tesla updates, and the upcoming Cybertruck auction.
24:23
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Quick takeaways
- Tesla's Q3 production and delivery numbers fell short of analyst consensus, potentially due to factory downtime and reduced inventory.
- Despite these challenges, Tesla's overall growth remains impressive year over year, and upcoming product updates may contribute to future demand and growth.
Deep dives
Tesla Q3 Delivery and Production Report Overview
Tesla released its Q3 delivery and production report, revealing that production reached 430,488 vehicles and deliveries amounted to 435,059 vehicles. While production met expectations, deliveries fell below analyst consensus. However, these figures were impacted by factory downtime during the quarter, particularly at Gigafactory Texas and Gigafactory Shanghai. Tesla maintained its 2023 volume target of around 1.8 million vehicles, and the Q3 earnings report will be released on October 18th.
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