Tesla confirms official record Q3 production number of 80,142 vehicles
In a recent press release, US electric vehicle maker Tesla Motors has officially confirmed that it has hit a new record production number in the 2018 third quarter. The news resulted in an increase of 2 points for the TSLA stock.
According to the production numbers disclosed by Tesla, the company produced a total number of 80,142 vehicles in the third quarter of 2018. The latest production figures underscore a 50% increase over the automaker’s previous all-time high production numbers achieved in 2018 second quarter.
In its breakdown of the record-high third-quarter production number of 80,142 vehicles, Tesla has revealed that it produced a total of 53,239 units of the Model 3 during the quarter, and a combined total of 26,903 units of the Model S and Model X.
Drawing attention to the Model 3 production ramp up in the third quarter, Tesla said in its press release: “In the last week of the quarter, we produced over 5,300 Model 3 vehicles.... meaning that we achieved a production rate of more than 10,000 drive units per week.”
Tesla has also revealed that its 2018 third-quarter deliveries, however, fell short of its expectation of ~85,000 deliveries. As per the figures shared by the automaker, its third-quarter deliveries stood at 83,500 vehicles; with the deliveries of Model 3, Model S and Model X respectively being 55,840 units, 14,470 units and 13,190 units.
In response to recent reports about the Tesla Semi electric truck prototype having been spotted in Arkansas, Tesla CEO Elon Musk has commented that the truck was driven “across the country alone.”
During the course of Tesla’s Q1 2018 earnings call last week, CEO Elon Musk said that the company has effectively streamlined the production of the Model 3 battery pack, thereby bringing about a 94% reduction in the time taken to produce the batte
At an earlier-this-week ceremony at the University of California, Irvine, Chinese electric car manufacturer BYD unveiled the US’ first battery-powered, fully-electric bus fleet for the school campus.
According to a recent confirmation by German automaker Audi, the e-tron quattro all-electric SUV -- the company’s “first all-electric Audi e-tron” -- is scheduled to make its international debut in the US on September 17, 2018.
The Boring Company has recently released the first image of the gantry which it is developing for the ‘Loop’ high-speed underground public transportation system in Chicago.
Tesla CEO Elon Musk informed during the company’s first-quarter 2018 conference call that the automaker’s upcoming Model Y all-electric CUV will underscore ‘a manufacturing revolution’ in 2020.