Tesla (TSLA) has released its official deliveries and production results for the third quarter of 2024. The automaker confirmed that...

esla Q3 2024 Expectations

After two quarters in a row with deliveries being down year-over-year, a first for Tesla in almost a decade, Wall Street has been expecting Tesla to finally return to year-over-year growth this quarter.

Analysts have a consensus of 463,000 deliveries.

While meeting those expectations would mark a return to year-over-year for Tesla, they would be short of the 485,000 deliveries it needs to stay on track for overall delivery growth in 2024 and short of the 585,000 deliveries it needs to stay on track for its original goal of 2 million deliveries for the year.

Tesla isn’t releasing precise guidance for annual deliveries anymore. Tesla Q3 2024 Production and Delivery Results

Before markets opened today, Tesla released its production and delivery results for the last quarter. The automaker confirmed that it produced 469,796 vehicles and delivered 462,890 vehicles between July and September 2024.

Production	Deliveries

Model 3/Y 443,668 439,975 Other Models 26,128 22,915 Total 469,796 462,890

This comes literally just about a hundred vehicles under Wall Street expectations.

Tesla had been sitting on about 13,000 vehicles in over production before Q3. Now, it adds about 7,000 vehicles to that tally.

  • MyOpinionOP
    2·
    2 days ago

    Tesla has made a massive miscalculation on the products they are rolling out.

    • Buffalox@lemmy.world
      3·
      2 days ago

      I know there have been talks that VW is in trouble, but boy they are killing it on EV cars right now IMO.
      So many great options:
      VW models ID3, ID5 and ID7 are all very good.
      Skoda Enyaq is the #2 seller here right now for a reason, and the new Elroq is sure to be a hit too, finally some decent range on a low cost EV.
      Audi Q4 etron is an excellent $10k cheaper alternative to BMW now that BMW increased the price on i4-40 by almost $12k.
      Cupra (SEAT) are killing it on sporty design IMO. My personal favorite is the Born with 231HP and 82kWh battery, an excellent balance of price and performance.

      Combined VW family have 8 models, and they all have reasonable range for the price, and high build quality.
      It’s no wonder they have 5 of the top 10 positions in Denmark.

      Tesla simply can’t keep pace with this, and VW have better motors and build quality.

      • reddig33@lemmy.world
        2·
        1 day ago

        They’re killing it in Europe, but half the cars you mentioned aren’t available in North America. That’s part of the problem.