The delivery count for the third-quarter also beat the Zacks Consensus Estimate of 230,550 units.įor the quarter in discussion, the Model 3/Y registered production of 228,882 vehicles, while 232,025 vehicles were delivered, highlighting a massive increase from the production of 128,044 units and delivery of 124,100 units of Model 3/Y during the year-ago quarter. The delivery count marks a 19.9% and 73.2% jump on a sequential and yearly basis, respectively. The EV behemoth registered production and deliveries of 237,823 and 241,300 vehicles, respectively, in the September-end period, higher than the 145,036 units produced and 139,300 units delivered in the corresponding quarter of 2020. Tesla reported stellar third-quarter 2021 production and deliveries, courtesy the soaring popularity of green vehicles, rising preference for personal mobility, easier credit conditions, and a sustained economic recovery buoyed by the accelerated nation-wide vaccination drive. Also, the elevated production and deliveries of the Model Y vehicles are likely to have buoyed the automaker’s earnings during the quarter in discussion. The car’s market-leading safety, performance and impressive specs have made it a huge success. Being the first mass-market electric car in North America and Europe, Model 3 is one of the best-selling vehicles.

The stellar performance and impressive design of its products are anticipated to have ramped up the sales volumes during the quarter under review. With the Model 3 sedan being its flagship vehicle, Tesla has established itself as a leader in the electric vehicle (EV) segment. Meanwhile, the production and delivery of Model S/X plummeted 63% and 82% on a year-over-year basis to 2,340 and 1,895 units, respectively.

The company reported Model 3/Y production and deliveries of 204,081 and 199,409 vehicles, marking a year-over-year jump of 169% and 148%, respectively. Net cash provided by operating activities amounted to $2,124 million in second-quarter 2021.ĭuring the June-end quarter, Tesla reported production and delivery of 206,421 and 201,304 vehicles, respectively, reflecting a year-over-year jump of 151% and 121%.

Tesla had cash and cash equivalents of $16,229 million as of compared with $19,384 million on Dec 31, 2020. The total automotive revenues surged 97% year over year to $10,206 million in the second quarter. The top line also witnessed year-over-year growth of 98.1%. Total revenues came in at $11,958 million, surpassing the consensus mark of $11,389 million. Moreover, the metric compared favorably with the year-ago earnings of 44 cents a share. In the last reported quarter, Tesla posted earnings of $1.45 per share, topping the Zacks Consensus Estimate of 90 cents. (Also read: Why Tesla Looks Poised for a Solid Q3 Earnings Release) Q2 Highlights The electric vehicle (EV) manufacturer’s results will likely reflect the favorable impact of the rising Model 3/Y deliveries, which form a major chunk of the automaker’s overall deliveries. Tesla TSLA is set to release third-quarter 2021 results on Oct 20, after the closing bell.

Q3 tesla deliveries