The Palo Alto, California, company's sales from July through September beat Wall Street estimates of 227,000 sales worldwide, according to data provider FactSet.So far this year, Tesla has sold around 627,300 vehicles. That puts it on pace to soundly beat last year's total of 499,550.
Wedbush analyst Daniel Ives wrote in a note to investors that the pace of electric vehicle deliveries in the U.S. and China has been strong for the past month or so. That means an "eye-popping growth trajectory heading into 4Q and 2022 for Musk & Co." Still, Ives estimated that the chip shortage will knock 40,000 vehicles from Tesla's annual delivery number. He estimates the deliveries to be at least 865,000 vehicles, with a bull case of around 900,000.
"In a nutshell, with chip shortage headwinds, China demand still recovering from earlier this year, and EV competition coming from all angles, Tesla's ability to navigate these challenges this quarter have been very impressive," he wrote. In the third quarter, the smaller Model 3 sedan and Y SUV led the way with 232,025 sales, followed by the larger Models S and X at 9,275. Tesla said it produced 237,823 vehicles for the quarter.Tesla electric cars are seen at a delivery site in Manchester, England, Tuesday, Sept. 28, 2021.
Source: News Formal (newsformal.com)
As does Pfizer.
🎼 ♪ Elon, Elon likes his money He makes a lot they say Spends his days counting In a garage by the motorway ♫
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