Tesla Inc
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Consumer Discretionary : Automobiles | Large Cap Growth
Company profile

Tesla, Inc. designs, develops, manufactures and sells electric vehicles and designs, manufactures, installs and sells solar energy generation and energy storage products. The Company's segments include automotive, and energy generation and storage. The automotive segment includes the design, development, manufacturing, sales and leasing of electric vehicles as well as sales of automotive regulatory credits. The energy generation and storage segment include the design, manufacture, installation, sales and leasing of solar energy generation and energy storage products, services related to its products, and sales of solar energy system incentives. Its automotive products include Model 3, Model Y, Model S and Model X. Model 3 is a four-door sedan. Model Y is a sport utility vehicle (SUV) built on the Model 3 platform. Model S is a four-door sedan. Model X is an SUV. Its energy storage products include Powerwall and Powerpack.

Postmarket

Last Trade
Delayed
$600.90
1.86 (0.31%)
Bid
--
Ask
--
B/A Size
--

Market Hours

Closing Price
$598.98
Day's Change
5.60 (0.94%)
Bid close
--
Ask close
--
B/A Size
--
Day's High
599.00
Day's Low
585.50
Volume
(Light)
Volume:
28,241,002

10-day average volume:
47,950,085
28,241,002

Tesla Q3 2020 Vehicle Production & Deliveries

7:59 am ET October 2, 2020 (Globe Newswire) Print

In the third quarter, we produced just over 145,000 vehicles and delivered nearly 140,000 vehicles.

           Production Deliveries Subject to operating lease accounting
 Model S/X 16,992     15,200     13%
 Model 3/Y 128,044    124,100    7%
 Total     145,036    139,300    7%

In terms of days of sales, new vehicle inventory declined further in Q3 as we continue to improve our delivery efficiency.

Our net income and cash flow results will be announced along with the rest of our financial performance when we announce Q3 earnings. Our delivery count should be viewed as slightly conservative, as we only count a car as delivered if it is transferred to the customer and all paperwork is correct. Final numbers could vary by up to 0.5% or more. Tesla vehicle deliveries represent only one measure of the company's financial performance and should not be relied on as an indicator of quarterly financial results, which depend on a variety of factors, including the cost of sales, foreign exchange movements and mix of directly leased vehicles.

Investor Relations Contact:
ir@tesla.com

https://ml.globenewswire.com/media/23821082-aece-45f5-9010-47c5834e66d5/small/tesla-wordmark-red-png.png

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