Tesla built 365,923 electric vehicles in Q3, up 42 percent from Q2

After pandemic-related disruptions in Q2, Tesla ramped up its manufacturing capacity again last quarter, leading the company to make a record number of deliveries between July 1st and September 30th. The company built 365,923 electric vehicles during the period. That marks a year over-year production increase of nearly 54 percent, as Tesla manufactured 237,823 cars in Q3 2021. Production was also up by 41.5 percent from Q2 2022, when the automaker built 258,580 vehicles.

The company produced 19,935 Model S and Model X cars in Q3 and delivered 18,672. For the Model 3 and Model Y, those figures were 345,988 and 345,988, respectively. In total, Tesla says it was able to deliver 343,830 vehicles in Q3, the most it has delivered in any quarter to date. However, that was below expectations, according to Reuters. On average, analysts anticipated that Tesla would deliver 359,162 EVs during the quarter.

Tesla built around 20,000 more vehicles that it was able to deliver during Q3. “As our production volumes continue to grow, it is becoming increasingly challenging to secure vehicle transportation capacity and at a reasonable cost during these peak logistics weeks,” Tesla said in a statement.

CEO Elon Musk noted last …read more