Tesla Sales Figures Defy Analysts

Electric Vehicles / 3 Comments

The EV carmaker sold over 12,000 more cars than expected.

Tesla recently announced that it delivered a record amount of cars in the third quarter of 2021.

Elon Musk, CEO of Tesla, reportedly asked the staff to "go super hardcore" in an internal mail seen by Reuters. In the same mail, Musk told his team that the end of quarter wave was unusually high.

This is good news for Tesla. Its deliveries surged by 20% in the second quarter, which is also a record. Tesla has improved its figures six years in a row.

Exports to China and Europe helped increase Tesla's overall figures. The introduction of a cheaper Model Y in other parts of the world also helped. Locally, the pricing for the Model Y and Model 3 dropped in late February, but the price had been increased twice by late May.

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Tesla also handled the global semiconductor chip shortage better than most, and recent reports suggest that Samsung is building a chip factory a few miles from Tesla's factory in Texas.

According to the mail, Tesla has a rough start to the third quarter. There was a parts shortage, but Musk urged his employees to push harder, and they did.

The final results are mighty impressive. From July to September, Tesla delivered 241,300 EVs globally. This is an almost unbelievable 73% increase from the same time last year. 2020 was a rough year, but it's still an impressive achievement. Compared to the second quarter, it's a 15% increase.

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Tesla even beat the analysts predicted figures. According to Refinitiv Data, the analysts predicted total sales of 229,242 units, but Tesla ended up delivering 241,300. The breakdown of sales is 232,025 Model 3 and Model Y models and 9,275 Model S and Model Xs.

The legacy manufacturers are having a tough time, however. General Motors and Honda's sales figures declined in the third quarter due to the chip shortage. The chip shortage also stopped Ford F-150 production during the third quarter, which is bound to have an impact. GM suffered the most, with a 33% drop. This is the lowest in more than a decade.

According to the boffins at Mercedes-Benz, the semiconductor shortage will last into 2023.

While we applaud Tesla's sales figures, the USA is set to be flooded by new EVs in 2022. It will be interesting to see what the figures look like in the third quarter of 2022.

Source Credits: Reuters

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