Tesla Sold 343,000 Vehicles in Third Quarter, an Increase

Tesla said on Sunday that it sold 343,830 electric vehicles worldwide in the third quarter, more than the same period a year ago, when it delivered 241,391 vehicles.

The company said it produced 365,923 cars, compared with a year-ago total of 237,823.

Earlier this year, Tesla suffered a slump in sales because of shutdowns and raw materials shortages at the carmaker’s factory in Shanghai.

Tesla sells far more electric vehicles than all the other car companies except for rivals in China, the world’s largest market for the vehicles. About a quarter of all new vehicles that have been sold in China this year have been electric or plug-in hybrid models.

Competition is increasing, however. Ford Motor has introduced an electric version of its F-150 pickup truck and has taken customer reservations for about 200,000. General Motors next year is set to begin producing an electric pickup truck and two electric sport utility vehicles.

Tesla’s sales figures came after the company’s chief executive, Elon Musk, showed off a humanoid robot that he said Tesla aimed to offer to consumers in three to five years.

The robot, called Optimus, is supposed to be able to handle chores or take over tasks from human workers in factories or other workplaces.

The robot signals that Mr. Musk, who also heads the rocket company SpaceX and is embroiled in a battle to back out of his offer to buy Twitter, is trying to build a perception of Tesla as an advanced technology company that produces more than electric automobiles.

Mr. Musk has outlined bold plans for electric vehicles several times in the past that Tesla has yet to carry out. For several years, he has said that Tesla would offer a futuristic-looking pickup called the Cybertruck as well as a battery-powered semi-truck. Neither has yet gone into production.

Unlike other automakers, Tesla does not break out its global sales by region. The rest of the industry is poised to report their September and third-quarter sales totals for the United States market on Monday. Analysts are expecting an increase in the pace of sales.

The industry has been slowed for nearly two years by a shortage of computer chips. The shortage has caused disruptions to production at factories around the world.

Ford recently said that it was holding 40,000 to 50,000 mostly completed vehicles that cannot be shipped to dealers because they are missing certain components.

Source: https://www.nytimes.com/2022/10/02/business/tesla-sales.html