Tesla delivered 343,000 vehicles in the third quarter of 2022 — setting a new record but still falling short of estimates due to logistical challenges
The company produced 365,923 vehicles and delivered 343,830 in the third quarter of this year, itThe deliveries set a new record for the company and are up from 310,048 in the first quarter; 254,695 in the second quarter; and 241,300 in Q3 of last year. Still, deliveries fell short of the consensus of analysts' estimates, which was closer to 360,000.
The company cited logistical challenges as a reason for the discrepancy, noting there was an increase in cars in transit at the end of the quarter that will be delivered after arriving at their destination. "Historically, our delivery volumes have skewed towards the end of each quarter due to regional batch building of cars," Tesla said in a press release."As our production volumes continue to grow, it is becoming increasingly challenging to secure vehicle transportation capacity and at a reasonable cost during these peak logistics weeks."
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