Tesla Delivers Record 97,000 Vehicles in Q3

#1

Post by danhak » Wed, Oct 02, 2019, 8:38 PM UTC

Tesla Delivers Record 97,000 Vehicles in Q3
ir.tesla.com

Re: Tesla Delivers Record 97,000 Vehicles in Q3

#2

Post by rossdavidh » Wed, Oct 02, 2019, 8:44 PM UTC

Wikipedia has a chart of past deliveries, for comparison: https://en.wikipedia.org/wiki/Tesla_Model_3#Deliveries Looks like Model 3 is up about 10% from the previous quarter, which is not like 2018Q2-to-Q3 which nearly doubled, but is still a significant bump up.

Re: Tesla Delivers Record 97,000 Vehicles in Q3

#3

Post by toomuchtodo » Wed, Oct 02, 2019, 8:47 PM UTC

rossdavidh wrote: post #2

Wikipedia has a chart of past deliveries, for comparison: https://en.wikipedia.org/wiki/Tesla_Model_3#Deliveries Looks like Model 3 is up about 10% from the previous quarter, which is not like 2018Q2-to-Q3 which nearly doubled, but is still a significant bump up.

Gigafactory 3 in China comes online this month. Manufacturing lines are already validated. I’d expect an increased step up in quarterly deliveries going forward. Also, no more Fremont->China ocean shipping delay.

This puts Tesla on track to build and deliver 500k+ vehicles a year next year. This does not include energy storage sales out of GF1 in Nevada.

Re: Tesla Delivers Record 97,000 Vehicles in Q3

#4

Post by HenryKissinger » Wed, Oct 02, 2019, 8:49 PM UTC

Yet $TSLA has lost ~5% in after hours trading. Wat.png

Edit: Wasn't aware of the 100k expectation.

Re: Tesla Delivers Record 97,000 Vehicles in Q3

#5

Post by dv_dt » Wed, Oct 02, 2019, 8:50 PM UTC

HenryKissinger wrote: post #4

Yet $TSLA has lost ~5% in after hours trading. Wat.png Edit: Wasn't aware of the 100k expectation.

The broad market was down almost 2% today, and Tesla is a higher alpha stock.

Re: Tesla Delivers Record 97,000 Vehicles in Q3

#6

Post by rbf » Wed, Oct 02, 2019, 8:51 PM UTC

HenryKissinger wrote: post #4

Yet $TSLA has lost ~5% in after hours trading. Wat.png Edit: Wasn't aware of the 100k expectation.

I guess 100k deliveries was the magic number investors were hoping for.

Re: Tesla Delivers Record 97,000 Vehicles in Q3

#7

Post by ancorevard » Wed, Oct 02, 2019, 8:51 PM UTC

HenryKissinger wrote: post #4

Yet $TSLA has lost ~5% in after hours trading. Wat.png Edit: Wasn't aware of the 100k expectation.

Lower volume than expected.

Re: Tesla Delivers Record 97,000 Vehicles in Q3

#8

Post by chrisrogers » Wed, Oct 02, 2019, 8:51 PM UTC

Forecasters had expected 99,000, so below targets. Tesla has said they are targeting 400,000 for the year, so Q4 will need to be quite something.

Re: Tesla Delivers Record 97,000 Vehicles in Q3

#9

Post by mandeepj » Wed, Oct 02, 2019, 8:52 PM UTC

dv_dt wrote: post #5

HenryKissinger wrote: post #4

Yet $TSLA has lost ~5% in after hours trading. Wat.png Edit: Wasn't aware of the 100k expectation.

The broad market was down almost 2% today, and Tesla is a higher alpha stock.

"After hours" effect is mostly from the earnings report

Re: Tesla Delivers Record 97,000 Vehicles in Q3

#10

Post by pembrook » Wed, Oct 02, 2019, 8:52 PM UTC

HenryKissinger wrote: post #4

Yet $TSLA has lost ~5% in after hours trading. Wat.png Edit: Wasn't aware of the 100k expectation.

Remember, stocks don't move based on headlines. They move based on expectations.

If the market priced the stock based on an expectation they'd deliver 100,000 vehicles, 97,000 is a miss.