Reuters

Tesla vehicle deliveries hit another record in Q3, beats analysts’ estimates

Tesla has weathered the chip crisis better than rivals, with its overall deliveries surging 20% in the July to September period from its previous record in the second quarter, marking the sixth consecutive quarter-on-quarter gains. In China, rising exports to Europe and the introduction of a cheaper Model Y helped boost Tesla’s production, analysts said. Musk said Tesla suffered an extremely severe parts shortage earlier in the third quarter and had urged employees to make quarter-end delivery push, Reuters reported last month, citing an internal company email.

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