Tesla reports record 1,39,300 vehicle deliveries in Q3 despite pandemic
Electric-car maker Tesla has delivered a record of 1,39,300 vehicles in the third quarter, beating the earlier estimates of 1,34,720 vehicles.
As for the Model S and Model X, it produced 16,992 of the vehicles and delivered 15,200. Read further about South Korea to Overhaul Subsidy Scheme for Electric Vehicles (EV)
"In terms of days of sales, new vehicle inventory declined further in Q3 as we continue to improve our delivery efficiency," Tesla said in a statement on Friday. The number is a big improvement from Q2 when Tesla delivered 90,650 cars.
That quarter was tough for Tesla as the company was in partial lockdown due to the Covid-19 pandemic. Read more about Tata AIG India Launches Telematics-Based App for 'Pay-As-You-Drive Coverage
The company is expecting to deliver 5,00,000 vehicles in 2020, or a 36 percent increase over 2019. But so far the EV maker has only sent out 318,350 cars to customers, meaning it would need to make 1,81,650 deliveries to meet that goal.
"Our net income and cash flow results will be announced along with the rest of our financial performance when we announce Q3 earnings. Our delivery count should be viewed as slightly conservative, as we only count a car as delivered if it is transferred to the customer and all paperwork is correct,'' the company added. Tesla CEO Elon Musk said on Friday that the electric car maker is finally ready to enter the Indian market in 2021. Explore further about the UK: Hitachi builds ‘Intelligent Decarbonization Solutions' for Fleet
Seeing India as an opportunity:
Musk revealed his plans to bring Tesla cars to India in response to a Twitter post that asked about the progress on Tesla's planned entry into India.
"Next year for sure," Musk said in response to the tweet that posted pictures of T-shirts with "India wants Tesla" and "India loves Tesla" printed on them.
"Thanks for waiting," he added. Know further about the reasons why south Africa Fleet Sales Continue to Decline?
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