Tesla and its employees have once again been on an all-out push the last few weeks to get as many new vehicles into the hands of owners as possible before the end of the third quarter.
Last week CEO Elon Musk sent an email telling staff had a shot at record deliveries, but they would “have to rally hard to achieve it.”
Now that the third quarter is officially over, Tesla should release their initial production and delivery numbers soon. Last year’s Q3 2019 results were published on October 2, so there is a good chance it could happen today.
What to expect
Q3 2019 saw Tesla deliver 97,000 vehicles, a 16% increase from the same quarter in the previous year. With the opening of Giga Shanghai and subsequent ramping up of production to 200,000 vehicles per year, Q4 2020 will undoubtedly be well above 100,000 deliveries.
Tesla’s Fremont factory shut down for two out of the three months in Q2 2020, yet the automaker was still able to deliver just under 91,000 vehicles worldwide.
To reach their annual guidance of 500,000 deliveries, Tesla will have to deliver over 320,000 vehicles in the second half of 2020. Split evenly, that’s 160,000 vehicles per quarter. Early estimates are calling for around 144,000 deliveries in Q3, and more than 187,000 in Q4, which would be enough for the automaker to hit their target.
Given the fact Fremont was not shut down during Q3, the Model Y has been seeing strong sales, and Giga Shanghai continues to ramp up production, we can expect Tesla to set a new all-time record.
