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Tesla reportedly delivered 97,000 cars around the world in the third quarter of 2019, selling more cars than it did in the previous quarter (95,356 cars), according to a press release issued recently. Of that figure, nearly 80,000 units were of the Model 3.
Apart from that, the Silicon Valley automaker also said it received “record net orders” in Q3 2019 this year, and has an increase in the company’s order backlog heading into the final quarter.
Tesla’s Q3 2019 performance fell just shy of Wall Street’s expectations, and just short of CEO Elon Musk’s own target of 100,000 deliveries for the quarter. In addition to the delivery figures, Tesla says 96,155 vehicles were produced at its production lines last quarter, more than any other quarter in the company’s history.
That puts the company’s year-to-date sales around 255,000 vehicles, a figure eclipsing the total number of cars it sold in 2018. However, Tesla still has to set another record sales in the fourth quarter if it wants to reach the minimum sales target of 360,000. Earlier in the year, Tesla announced that it aims to deliver between 360,000 to 400,000 cars in 2019.
According to The Verge, the opening of its new Gigafactory in China could help Tesla meet that goal – manufacturing operations are slated to start towards the end of the year.
Meanwhile, Tesla has yet to release its finances for the third quarter, so it’s uncertain if the record deliveries helped turn a profit, or if the company is still losing money. The Verge said Tesla lost US$408 million (RM1.7 billion) in the second quarter despite delivering nearly 100,000 vehicles, and suffered a loss of US$702 million (RM2.9 billion) in the first quarter with 63,000 cars delivered.